There are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending.

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.

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

The most pressing and significant problems in the global economy are unsustainable structural issues with regard to the E.U. - fiscal deficits and the structure of the E.U. itself.

I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.

Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.

It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.