Bravery and stupidity go hand in hand.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

It was one of the worst and most debilitating scenes.

In politics, as in poetry, it is sometimes true that it is darkest before dawn.

Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.

It says something about this new global economy that USA Today now reports every morning on the day's events in Asian markets.