The U.S. didn't save enough; we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.

As a Christian Scientist, I don't go to doctors and get diagnoses.

Regulation needs to catch up with innovation.

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

I've always said, 'I don't want to be irrelevant.'

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.

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