Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

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

Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

There is a very real danger that financial regulation will become a wolf in sheep's clothing.

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.

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

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