You can't twist Al Sharpton's arm.

Children are amazing, and while I go to places like Princeton and Harvard and Yale, and of course I teach at Columbia, NYU, and that's nice and I love students, but the most fun of all are the real little ones, the young ones.

Today, certain people file for bankruptcy, businesses and individuals, and it no longer has the stigma it once had. Now it's almost considered wise, a way to regroup and come back again.

We borrowed money, it helped us with bonds and what not, and the Federal Government backed it, but it was a guarantee, it was not a grant. And we not only paid it off, but we paid it off ahead of time.

The people really are what make New York City great.

Some of us claim that New York City is the capital of the country, indeed the capital of the world. Now, that may be a bit much for those who don't come from New York, but clearly we are an important city for reasons of our cultural advantages.

So it's a mistake for someone to think that they bailed New York out. They did assist us, for which we are grateful, but it's a mistake to say we bailed New York out by giving them a grant of money to help those poor people who throw it away on welfare.