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“Financial markets are supposed to swing like a pendulum: They may fluctuate wildly in response to exogenous shocks, but eventually they are supposed to come to rest at an equilibrium point and that point is supposed to be the same irrespective of the interim fluctuations. Instead, as I told Congress, financial markets behaved more like a wrecking ball, swinging from country to country and knocking over the weaker ones. It is difficult to escape the conclusion that the international financial system itself constituted the main ingredient in the meltdown process.”

“The most powerful military in the world cannot invade, kill or capture a network or destroy every loose weapon on the planet. The best response to this network of terror is to build a network of our own -- a network of like-minded countries and organizations that pools resources, information, ideas, and power. Taking on the radical fundamentalists alone isn't necessary, it isn't smart, and it won't succeed.”