... it's important to have the right monetary policy. It's important for, to have the right fiscal policy. But it's nowhere near as important as just the normal regenerative capacity of American capitalism.

If AIG had tried to unwind their derivatives books. I don't know. It would have hit every institution in the world.

Two rules: 1. Preserve the principal 2. When in doubt, see Rule #1.

When bills come due, only cash is legal tender. Don't leave home without it.

There's nothing inappropriate about having debt in America. It's what helped us grow over time. And it's when debt gets out of control that you worry.

Of our 49 billion, we haven't moved any to Bitcoin

[The U.S. Treasury] can borrow basically unlimited amounts. They can stay there for years and years. These assets will be worth more money over time. So when Merrill Lynch sells a bunch of mortgage-related assets at 22 cents on the dollar like they did a month or so ago, the buyer goes - is going to make money, and he's going to make a lot more money if it happens to be an institution like the U.S. government which has very, very cheap borrowing costs.