Well, you probably will always believe there should be laws against fraud, and I don't think there is any need for a law against fraud.

You can't have the capitalist system if an increasing number of people think it is unjust.

Credit-default swaps, I think, have serious problems associated with them.

If you think you understand what I am saying you do not understand what I am saying.

I don't think it's possible for the Fed to end its easy-money policies in a trouble-free manner. Recent episodes in which Fed officials hinted at a shift toward higher interest rates have unleashed significant volatility in markets, so there is no reason to suspect that the actual process of boosting rates would be any different. I think that real pressure is going to occur not by the initiation by the Federal Reserve, but by the markets themselves.