"[About the 2024 presidential election:] People have said that the most consequential thing here was Joe Biden offering this debate in June. I don't think that's right. The most consequential thing, and a mistake, was Trump accepting it. If Trump had said "Look, I don't like these conditions. It's fake Tapper. No audience. It's rigged. You're gonna cut my mic. I'm not doing this. We're not going to debate until September." then the Democratic elites would have spent June through September lying about [Joe Biden's] condition and capacity again, and then in September he would have gone into the debate, worse probably than June because it's degenerative and it's getting worse, and he would have just completely fallen apart, and at that point there is no taking him off the ticket, and then Trump from there coasts to an absolute landslide victory. So the mistake was not Biden offering the debate. The mistake was Trump accepting it. But hey, American hero, he did it for us, 'cus now we don't have the risk of Joe Biden serving another four year term when he clearly is not capable physically of doing it."

"If Democrats meet the public's demand for real change with something fake, the other side is willing to offer the real thing. The real risk of a Joe Biden nomination might not be that he could lose to Trump though that is certainly plausible - but that he will beat Trump, fail to deliver, and open the door for a fascist who actually knows what he's doing. Playing it safe is going to get us all killed."

"If you were alive in 1871 in the South you had every reason to believe a revolution had been carried out and this was the new order. A terrorist insurgency would ultimately roll it back. But abolition, followed by Reconstruction, had briefly exposed the cynical lie - that change is impossible - upon which the system precariously resides. Had the system of white supremacy not overreached, the rest of white America would have continued to acquiesce. But once the public became radicalized, for a brief but consequential moment, nothing less than a complete refounding and reconstruction of the country was demanded. (from Prologue)"

"Last October, Congress passed the , putting $700 billion into the hands of the Treasury Department to bail out the nation’s banks at a moment of vanishing credit and peak financial panic. Over the next three months, Treasury poured nearly $239 billion into 296 of the nation’s 8,000 banks. The money went to big banks. It went to small banks. It went to banks that desperately wanted the money. It went to banks that didn’t want the money at all but had been ordered by Treasury to take it anyway. It went to banks that were quite happy to accept the windfall, and used the money simply to buy other banks. Some banks received as much as $45 billion, others as little as $1.5 million. Sixty-seven percent went to eight institutions; 33 percent went to the rest. And that was just the money that went to banks. Tens of billions more went to other companies... But once the money left the building, the government lost all track of it. The Treasury Department knew where it had sent the money, but nothing about what was done with it. Did the money aid the recovery? Was it spent for the purposes Congress intended? Did it save banks from collapse? Paulson’s Treasury Department had no idea, and didn’t seem to care. It never required the banks to explain what they did with this unprecedented infusion of capital."

"OK, Peter writes, "Should I be worried about in terms of liquidity and get my money out of there?" No, no, no! Bear Stearns is fine. Do not take your money— this is ridi— if there's one takeaway other than a +400 so Bear— Bear Stearns is not in trouble. If anything, they're more likely to be taken over. Don't move your money from Bear! That's just being silly! Don't be silly."

"Apple is becoming the JC Penney of tech. I think that there is a sense that the company is in a tailspin, and it doesn't seem to matter what they do right now. … Whatever product that is coming out in September is a clear loser. We haven't seen it yet, but it is a loser."

"Go cry to your mother."