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

There's a lot of things we could do better.

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.

Even if you don't have the authorities - and frankly I didn't have the authorities for anything - if you take charge, people will follow.

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

In terms of the overall economy, we've got challenges and the big focus has got to be on recovery, on repair, and that's going to take a while.

I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.