If you don't make mistakes you can't make decisions.

It's a big mistake to try and mislead people. They will turn around.

We don't get paid for activity, just for being right. As to how long we'll wait, we'll wait indefinitely.

The most dangerous distractions are the ones you love, but that don’t love you back.

You don't ever ask a barber whether you need a haircut.

I think it's been, you know, kind of like a tragic play to this point. But at this point, I think it's clear, and will be clear to the majority of the Congress. I think it's clear to the American people that there is only one countervailing force to a world where financial institutions are trying to sell instruments every day and where credit has dried up, and that's the United States Treasury.

The banking business is no favorite of ours. When assets are twenty times equity - a common ratio in this industry - mistakes that involve only a small portion of assets can destroy a major portion of equity. And mistakes have been the rule rather than the exception at many major banks.