In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.

When you have a big, ugly problem, there's never going to be a neat, elegant solution that is totally painless or without a cost.

The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.

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

One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.

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.