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We're on the verge of a financial collapse unless we balance the budget, and that means some really, really tough decisions.

In this age, if the currency of a major nation collapses, or its access to borrowing ends, it just can't function.

The lesson of history is that you do not get a sustained economic recovery as long as the financial system is in crisis.

If you don't have a functioning financial system the world economy won't be revived. All the major economies have their responsibility to assist at a pace which is required to clean up the balance sheet of the banking system and to ensure that credit flows are resumed.

We have been dealt a very weak hand by the financial market meltdown, bailouts, and recession. We can't act like it's a strong one.

Financial crises are an unfortunate but necessary consequence of modern capitalism.

We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.

If a financial institution is too big to fail, it is too big to exist.

I didn't end up going bankrupt... I made some great investments and I held on to my money, which also enables me to have the freedom to do what I want now. But it's not about finances. No matter what, it's about keeping it real.

It is simply science fiction fantasy to say that, if you do not raise the debt ceiling, that everything is going to collapse.