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The global financial crisis - missed by most analysts - shows that most forecasters are poor at pricing in economic/financial risks, let alone geopolitical ones.
Let me tell you, one of the most proud aspects of my career was buying Indymac during the financial crisis.
I felt that the Fed had always been the agency that picked up the pieces when there was a financial crisis, and it was invented to do exactly that.
If Freddie Mac is unable to raise capital, it could spark a political and financial crisis.
Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.
What we know about the global financial crisis is that we don't know very much.
When I first went into financial services, people told me not to be too over-optimistic about change.
At some point, there will be some other financial crisis. It's in the nature of a capitalist system.
One of the big problems we had during the financial crisis was the intermingling of banks and holding companies and complex securities.
