I Don't Think There Is A National

I Didn't Think One Day Something Would Happen That Would Bring Me Back To Wall Street To Write What Is Essentially A Sequel.

Even As Late As The Summer Of 2006, As Home Prices Began To Fall, It Took A Certain Kind Of Person To See The Ugly Facts And React To Them-to Discern, In The Profile Of The Beautiful Young Lady, The Face Of An Old Witch.

The Incentive For The Outsider Is To Attack The System Right Up To The Moment He Is Co-opted By It. The Incentive For The Insider -and This Took Some Getting Used To- Is To Allow Yourself To Be Attacked, And Then Co-opt Your Most Ferocious Attackers, And Their Best Ideas. The Effect On The System As A Whole Is To Make It More Stable, Because Everyone Winds Up Working On Its Behalf.

If You’ve Got A Dozen Pitchers, You Need To Speak 12 Different Languages.

You Could Argue The Banks Are Much Better Capitalised Than They Were Going Into The Crisis, And Everyone's In A Much More Vigilant State Because They Still Remember The Crisis.