What I've said repeatedly is, 'I think the auto industry is a very important industry.'

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

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.

As a child, I could beat most kids in sprints, but overall, wrestling was the most natural sport for me. In fact, I was a pretty good high school wrestler. I was unusually quick and strong.

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

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

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.