It's a very, very troubling and troublesome development.

a deeply troubling development.

We've been putting an all-star team together that has been dysfunctional and troublesome. I think now they've got a program together that I'm happy that the vast majority of players are committed to. I think they'll figure it out.

The reality is that financial markets are self-destabilizing; occasionally they tend toward disequilibrium, not equilibrium.

I put forward a pretty general theory that financial markets are intrinsically unstable. That we really have a false picture when we think about markets tending towards equilibrium.

A lot of the evil in the world is actually not intentional. A lot of people in the financial system did a lot of damage without intending to.