The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.

I don't think a bankruptcy is a good thing.

I believe that the root cause of every financial crisis, the root cause, is flawed government policies

Regulation needs to catch up with innovation.

There is no way to stabilize the markets other than through government 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 understand how important the automakers are to America. And I understand a bankruptcy; a failure in that industry wouldn't be a good thing. It's something we should avoid.