The banks, because of mismanagement, because of huge risk taking, are now in very vulnerable positions. We can expect that we're gonna have to do more to shore up the financial system. We also are gonna have to make sure that we set up financial regulations so that not only does this never happen again, but you start having some sort of - trust in how the credit markets work again.
I believe that the general growth in large [financial] institutions have occurred in the context of an underlying structure of markets in which many of the larger risks are dramatically -- I should say, fully -- hedged.
To stake all one's life on a single moment, to risk everything on one throw, whether the stake be power or pleasure, I care not - there is no weakness in that.
It's always necessary to know when a stage of one's life has ended. If you stubbornly cling to it after the need has passed, you lose the joy and meaning of the rest. And you risk being shaken to your senses by God.