I'm a straightforward person. I like to be direct with people.

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.

I'm a straightforward person. I like to be direct with people.

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

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

I don't think a bankruptcy is a good thing.