I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.
There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
Regulation needs to catch up with innovation.
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.
There is no way to stabilize the markets other than through government intervention.
In just about every area of society, there's nothing more important than ethics.
When you have a big, ugly problem, there's never going to be a neat, elegant solution that is totally painless or without a cost.
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
I've always said, 'I don't want to be irrelevant.'
I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.
An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
I'm a straightforward person. I like to be direct with people.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
I have relied on prayer for health care all of my life.
Well, as you know, we're working through a difficult period in our financial markets right now, as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.
China saves too much, produces too much, sells too much to Americans and consumes too little.
Even if you don't have the authorities - and frankly I didn't have the authorities for anything - if you take charge, people will follow.
As a child, I could beat most kids in sprints, but overall, wrestling was the most natural sport for me. In fact, I was a pretty good high school wrestler. I was unusually quick and strong.
I think all governments engage in intelligence gathering vis-a-vis other governments.
There's a lot of things we could do better.
My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.
A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
