It's building up to a major confrontation.

The whole market mechanism and its evolution is something that, I'm kind of of the Buffett School. You know, if I see a derivative, I run the other way.

Throughout U.S. history, competent public investments have been an essential complement to private investments - from the Louisiana Purchase, to land-grant colleges, to the Interstate Highway System, to the Internet.

In the 1970s, New York City avoided bankruptcy because wise political leaders like Gov. Hugh L. Carey believed both in strong labor unions and robust banks and companies.

The early years of my life were very, very traumatic. It was scary, because any child knew that death was sort of lurking around Europe as far as Jews were concerned.

I am a capitalist and I believe in making a profit.