Nobody really understands gold prices and I don't pretend to understand them either.

We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.

Nobody likes to fail but failure is an essential part of life and of learning. If your uniform isn't dirty, you haven't been in the game.

Monetary policy is not a panacea.

Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.

If Wall Street crashes, does Main Street follow? Not necessarily.

It must be awfully frustrating to get a small raise at work and then have it all eaten by a higher cost of commuting.