Ted Kaufman: “The single most important question we have to answer in Afghanistan has to do with governance”

A paper tiger that will fall apart the minute it is tested in a real life financial crisis

Widespread cheating and fraud of the sort that drove the speculative housing and derivatives securities bubbles are anathema to public confidence in the markets.

Nothing in life that is worthwhile is easy.

In the words of Ben Bernanke, America was on a course for 'a cataclysm that could have rivaled or surpassed the Great Depression.'