In just about every area of society, there's nothing more important than ethics.

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 see the underlying economy as being very healthy.

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

The worst is likely to be behind us.

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

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