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.

There's a lot of things we could do better.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

The worst is likely to be behind us.

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.

Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.

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.