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“If we're talking about buying exchanges abroad, we have to have global securities standards, as we have global banking regulations. I'm talking about margins. Now, the United States has certain margin requirements that are not the same in London. Investors and hedge funds that want to borrow more money against securities ? if they can't in the U.S., they go abroad. That could add additional risks to the global economy.”

“London is like a dream come true. As I ramble through it I am haunted by the curious feeling of something half-forgotten, but still dimly remembered, like a reminiscence of some previous state of existence. It is at once familiar and strange.”

“It was Reagan who began the realignment of American politics, making the Republicans into internationalist Jeffersonians with his speech in London at the Palace of Westminster in 1982, which led to the creation of the National Endowment for Democracy and the emergence of democracy promotion as a central goal of United States foreign policy.”

“What were once felt to be defects-isolation, institutional simplicity, primitiveness of manners, multiplicity of religions, weaknesses in the authority of the state-could now be seen as virtues, not only by Americans themselves but by enlightened spokesmen of reform, renewal and hope wherever they may be-in London coffeehouses, in Parisian salons, in the courts of German princes.”