Showing 10 of 72 quotes
When historians look at the Obama presidency, they're likely to credit him especially for doing the politically unpopular things that were needed in 2009 to salvage the financial wreckage. ”
Making economic policy isn't a popularity contest, especially when financial markets are in a panic. ”
During an economic crisis, what matters is that the government keeps its foot on the accelerator. ”
Make the financial industry pay for its mistakes. That's the idea behind the best of the Obama administration's reform proposals: If banks issue securities backed by mortgages, say, then require them to hold some of that paper so that they will bear some of the losses. ”
The best restraint is old-fashioned market discipline, in which financial traders know that they, personally, will lose a ton of money if they take risky bets that don't pan out. ”
We haven't usually had to face the extreme questions about liberty and order because we're not a nation of extremists. We love freedom and good government both. ”
The framers hated the tyranny of King George, but they were also afraid of the mob. That's why they put so many checks and balances into our system, to guard against the excesses of a government that might be inflamed by public passion or perverted by a dictator's whim. ”
I've tried, in 'Bloodmoney,' to tell a story that gets at the crazy relationship between the ISI and the CIA, these absolutely fascinating, often mutually destructive two scorpions in a bottle kind of relationship that they have. ”
A world in which there are no secrets that can be protected at all is going to be a pretty dangerous world. ”
The secret of any kind of reporting is to go with a guide. So if you, you're going to see Hezbollah in Beirut, you go with someone who knows the local people, and you'll be fine. ”