Any informed borrower is simply less vulnerable to fraud and abuse.

The guiding purpose of the government regulator is to prevent rather than to create something.

Since I've become a central banker, I've learned to mumble with great incoherence. If I seem unduly clear to you, you must have misunderstood what I said.

The use of a growing array of derivatives and the related application of more-sophisticated approaches to measuring and managing risk are key factors underpinning the greater resilience of our largest financial institutions... Derivatives have permitted the unbundling of financial risks.

We need, in effect, to make the phantom 'lock-boxes' around the trust fund real.

...our market system depends critically on trust-trust in the word of our colleagues and trust in the word of those with whom we do business.

I don't know where the stock market is going, but I will say this, that if it continues higher, this will do more to stimulate the economy than anything we've been talking about today or anything anybody else was talking about.