It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.

It is a very bad idea for governments to create arbitrary and unfair outcomes, or outcomes resulting from the passions and whims of the government rather than from the law, just because they have the power to do so.

Individual liberty, the basic underpinning of American society, requires constant defense against the encroachment of the state.

Successful hedge funds will be entrepreneurial; it is the essence of the craft.

Derivatives trading should be standardized and as much as possible moved to clearinghouses.

Race is a part of every conversation in America, whether you know it or not.

Creating a regulatory system that reflects the modern-day realities of financial markets is not as difficult as it may appear.