I’ve got to say our banking system is a safe and a sound one. And since the days when we’ve had federal deposit insurance in place, we haven’t had a depositor who’s got less than $100,000 in an account lose a penny. So the American people can be very, very confident about their accounts in our banking system.
America is the land of opportunity. We need to be vigilant in ensuring that each and every American has the opportunity to acquire the skills to compete and to see those skills rewarded in the marketplace.
As our relationship with China grows and matures, tensions will naturally emerge.
One of the things I enjoy the most is fishing.
I’ve always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don’t change to adapt to the facts, you will never be successful.
India is a vibrant nation whose strength lies in its commitment to equal rights and to speech, religious and economic freedoms that enrich the lives of all citizens. India is not only the world’s largest democracy; it is also a secular, pluralistic society committed to inclusive growth.
What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners.
Complexity and interconnectedness matter as much as size in assessing risk in banking.
Every global concern – economic, environmental or security-related – can be addressed more effectively when the U.S. and China work together.
China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon.
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.
When it comes to the presidency, I will not vote for Donald Trump.
We must limit the perception that some institutions are either too big or too interconnected to fail.
One of the most constant aspects of American life is change – and nowhere is it more evident than in our financial markets.
I never cared about money. When I was at school, I never wanted a car. I was focused on sports, studies, camping, being outdoors.
The income disparity is a huge issue. And I think that the only solution to this – there is no easy solution – are fundamental changes. That the world is changing quicker than our policies are changing. And we need the kinds of policies that will let us have a competitive economy going forward.
There’s a great lack of financial literacy and understanding in this nation, even among college-educated people.
China has a more assertive, proactive foreign policy as its interests are growing around the world.
A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
As long as I can remember, I had a strong interest in fishing, and my parents, even though they had never fished or camped, took us on canoe camping trips in the wilderness of Quetico Provincial Park in Ontario, Canada, where I could fish to my heart’s content.
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
From the beginning of time, we’ve had financial crises. People always blame the banks and for good reason. When you look for the root causes, they’re almost always failed government policies.
As a steward of the U.S.economy and financial systems, the Treasury has helped lay the groundwork for the American economy to become a model of strength, flexibility, dynamism, resiliency. This is a system that generates growth, creates jobs and wealth, rewards initiative, and fosters innovation.
An AIG failure would have been devastating to the financial system and to the economy.
Predators, they’re the best coal miners’ canary. When they’re gone, you’ve got a sick ecosystem.
I’ll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment, and our place in the world.
I supported some very, very objectionable things in terms of bailouts or rescues, but I did it not for Wall Street, but for the American people.
Every American business, from the biggest companies to small hardware companies, need money to flow through the system not only to create new jobs but to sustain existing jobs.
The cheapest and cleanest energy is the energy you don’t use.
A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
China’s growth and stability is a vital issue for all nations.
When our markets work, people throughout our economy benefit – Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses financing investments that create new jobs.
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