I do believe we have to understand why reality turned out to be different than expectations and estimates. But you have more public service - certainly many of you - than I have ever had, and you recognize that this is not unusual.
“Roosevelt's humor was broad, his manner friendly. Of wit there was little; of philosophy, none. What did he possess? Intuition, inspiration, love of adventure.”
“A beautiful deleveraging balances the three options. In other words, there is a certain amount of austerity, there is a certain amount of debt restructuring, and there is a certain amount of printing of money. When done in the right mix, it isn't dramatic.”