It's the type of step you would want to take when you've had a decade-long fixed structure, ... I think they've been cautious and admirably so.

Fixed mortgage rates remain at historically low levels and thus should continue to fuel reasonably strong housing demand and, through equity extraction, to support consumer spending as well,

If you're going to move to private accounts, which I approve of, I think you have to do it in a cautious, gradual way.

I've been in and out of Wall Street since 1949, and I've never seen the type of animosity between government and Wall Street. And I'm not sure where it comes from, but I suspect it's got to do with a general schism in this society which is really becoming ever more destructive.

I think the whole issue of a debt ceiling makes no sense to me whatsoever. Anybody who is remotely adroit at arithmetic doesn't need a debt ceiling to tell you where you are.

That's my buddy. When I think he's getting overworked, I have to step in.