But the basic principle that we’re going to have to see some of this debt written down, that the government is going to have to support some banks, that others that are not viable, essentially that we’re going to have to do something with those assets.

I wouldn't advise [people] to be silent.

I had said from the start that I thought Iraq was a mistake, that we should have stayed focused on Afghanistan. I think it was the right decision because the Taliban at that point had gotten a lot of momentum before I'd gotten into office, partly because we hadn't been paying attention as much as we needed to to Afghanistan.

As a practical matter, it is hard to think of any society in human history in which a majority population has said that as a consequence of historic wrongs, we are now going to take a big chunk of the nation's resources over a long period of time to make that right.

I see Donald Trump as a phenomenon of an expression of certain fears, certain resentments, that have been a running thread in American history.

America must always lead on the world stage. If we don't, no one else will. The military that you have joined is, and always will be, the backbone of that leadership. But U.S. military action cannot be the only - or even primary - component of our leadership in every instance. Just because we have the best hammer does not mean that every problem is a nail.

America is much less violent than it was 20, 30 years ago, and immigration is much less a problem than it was not just 20, 30 years ago, but when I came in as president.