I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.

China saves too much, produces too much, sells too much to Americans and consumes too little.

It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.

One of the things I enjoy the most is fishing.

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.

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.

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.