“Given the extent of the exposures of major banks around the world to A.I.G., and in light of the extreme fragility of the system, there was a significant risk that A.I.G.'s failure could have spark...”

“In the future, financial firms of any type whose failure would pose a systemic risk must accept especially close regulatory scrutiny of their risk-taking.”

“The failure of Lehman Brothers demonstrated that liquidity provision by the Federal Reserve would not be sufficient to stop the crisis substantial fiscal resources were necessary. ”

“High levels of homeownership have been shown to foster greater involvement in school and civic organizations, higher graduation rates, and greater neighborhood stability.”

“No economy can succeed without a high-quality workforce, particularly in an age of globalization and technical change.”

“The Fed's independence is critical.”

“The more you talk about them, the more important they will feel. The more you listen to them, the more important you will make them feel.”

“My mother always says people should be able to take care of themselves, even if they're rich and important.”

“There is no job more important than parenting. This I believe.”

“In fact this is precisely the logic on which the Bank of Englandthe first successful modern central bankwas originally founded. In 1694, a consortium of English bankers made a loan of 1,200,000 to ...”

“When you need to borrow money the Mob seems like a better deal I think. 'You don't pay me back I break both yer legs.' Is that all? You won't take my house or wreck my credit rating? Fine where do ...”

“...If you look at mainstream economics there are three things you will not find in a mainstream economic model - Banks, Debt, and Money. How anybody can think they can analyze capital while leaving...”

“Human thinking can be changed if man is offered the pleasure of money or the sadness of its absence.”

“Economic and financial conversion is actually attainable, thanks to this principle of truth and honesty.”

“If we don't learn from each others experience, we are forced to listen to people who have economic reasons to withhold critical information from us all. The other option is to wait for the governme...”