When the government picked companies and gave them monopoly rights to frequencies in San Francisco and Los Angeles and New York and Chicago, it was picking the winners of the competition; it wasn't setting the terms of the competition.

When the government allocates monopoly rights to frequency, and there are only a handful in each community, it's picking the winners in the competition.

So the competition isn't once you got the license, running the station; it's getting the license.

Which is supposed to mean they're doing something in their broadcasting they would not do is they were simply out to maximize profit; if they were really public service institutions, not purely profit maximizing institutions.

I enjoy the risk of bungee-jumping. I used to pay money to do it. Now, it's the opposite. I get paid to do action.

If President Barack Obama had not been in the White House, we would not have the Consumer Financial Protection Bureau today.

When you think about how everything else works in the digital age and the way that money does, money really falls short.

They made it to the middle class, my dad working as a bartender and my mother as a cashier and a maid. I didn't inherit any money from them. But I inherited something far better - the real opportunity to accomplish my dreams.