I think they got the facts wrong. There was no case of insider trading.

Attitudes are more important than facts.

Compared with the previous occasion when Judge Jackson heard oral argument on the facts in September 1999, he played more of an active role in the courtroom today, ... He asked a lot of questions, which revealed that he is still thinking quite a bit about the part of the opinion that deals with tying.

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.