Birth: October 14, 1983
You could have these crazy Internet valuations in the late 1990s, but they prove themselves out in the market. The next day they were selling for mor….
When the Federal government buys the mortgages, they're not spending it, they're investing it..
The American worker is more productive than he's ever been. We've got more people to do it. We've got all the ingredients for a sensational future. I….
Any time I can be of help to the government in terms of giving advice -I've given a little advice, actually..
It will be good for us in the long run, and I mean there are six and a half billion people in this world. And it's great for 300 million to keep enjo….
If you really think that houses prices are going to go up next year and the year after, you feel if I don't buy it this year, I'm going to have to bu….
The good thing is, we have household formation in this country. We have a country where I don't know whether it's a million households a year or more….
I don't think it would be crazy to have a model or an entity model on the Reconstruction Finance Corp. That goes back to 1932, although it was really….
I mean the whole economy just comes to a grinding halt. Competence in markets and in institutions, it's a lot like oxygen. When you have it, you don'….
The commercial paper market, when that dries up, you know, that's just like sucking the blood out of the economic body of the United States..
Capitalism is not a perfect system. It may be better than all the other systems, but it's not a perfect system..
Resolution Trust Company was set up to liquidate a bunch of assets that the government had inherited because the savings and loans went broke. So the….
The U.S. Treasury has got borrowing costs like nobody else has. They can borrow basically unlimited amounts. They can stay there for years and years.….
When people talk about cash being king, it's not king if it just sits there and never does anything. There are times when cash buys more than other t….
I've never had it so good in terms of taxes. I am paying the lowest tax rate that I've ever paid in my life. Now, that's crazy. And if you look at th….
We had the great depression, we had two world wars, we had the flu epidemic. We had oil shock. We had all these terrible things happen. But something….
I mean, the job is Pearl Harbor. And you better not spends weeks and weeks and weeks trying to assign blame or deciding on a complete plan for fighti….
You can go back to tulip bulbs in Holland 400 years ago. The human beings going through combinations of fear and greed and all of that sort of thing,….
Beware of geeks, you know, bearing formulas..
We have a terrific economy, it's like a great athlete that's had a cardiac arrest..
People love leverage when it's working. I mean, it's so easy to borrow money from a guy at X and put it out at X..