Any Informed Borrower Is Simply Less Vulnerable

I Am Saddened That It Is Politically Inconvenient To Acknowledge What Everyone Knows: The Iraq War Is Largely About Oil.

We As Central Bankers Need Not Be Concerned If A Collapsing Financial Asset Bubble Does Not Threaten To Impair The Real Economy, Its Production, Jobs And Price Stability.

Corruption, Embezzlement, Fraud, These Are All Characteristics Which Exist Everywhere. It Is Regrettably The Way Human Nature Functions, Whether We Like It Or Not. What Successful Economies Do Is Keep It To A Minimum. No One Has Ever Eliminated Any Of That Stuff.

The Iraq War Is Largely About Oil.

The Use Of A Growing Array Of Derivatives And The Related Application Of More-sophisticated Approaches To Measuring And Managing Risk Are Key Factors Underpinning The Greater Resilience Of Our Largest Financial Institutions... Derivatives Have Permitted The Unbundling Of Financial Risks.