Whenever there is a conflict between universal principles and self-interest, self-interest is likely to prevail.

We must recognize that as the dominant power in the world we have a special responsibility. In addition to protecting our national interests, we must take the leadership in protecting the common interests of humanity.

America needs to follow the policies it has introduced in Germany. We have to go through a certain de-Nazification process.

The pro-Israel lobby has been remarkably successful in suppressing criticism. Politicians challenge it at their peril because of the lobby's ability to influence political contributions.

This crisis has the potential to be a lot worse than Lehman Brothers.

You need a government that believes in government. It also believes in markets and wants to give markets the best, the greatest opportunity, but is trying to govern well.

Increase your bets when you are confident and scale down your positions when you don't have conviction.