Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.

I didn't get the charm gene.

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.

There is no way to stabilize the markets other than through government intervention.

In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.

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.