Quotes of All Topics . Occasions . Authors
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.
China has a more assertive, proactive foreign policy as its interests are growing around the world.
Every good businessman or woman carefully analyzes all the available facts before making a decision.
When companies fail, shareholders bear the losses. It's just the way our system is supposed to work.
We must limit the perception that some institutions are either too big or too interconnected to fail.
China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon.
I grew up with a strong set of values - and one was never judging someone by how much money they had.
I believe that the root cause of every financial crisis, the root cause, is flawed government policies
I believe that the root cause of every financial crisis, the root cause, is flawed government policies.
In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.
There's a great lack of financial literacy and understanding in this nation, even among college-educated people.
I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.
It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
Sovereign wealth fund money should be welcomed. The only way not to welcome that money is when it's politically driven.
I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
We've had crooks from the beginning of time... it's always very interesting and troubling why good people do bad things.
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
When you're boiling in oil, in the middle of a crisis, the challenges are so consuming there is no time for anything else.
The Chinese have done some extraordinary things in terms of the investments they've made in alternative sources of energy.
Many of the Western democracies - including the U.S. - have a problem that voters want benefits they don't want to pay for.
One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
I hope to help the Indian government advance their economic reform agenda, which will benefit India's citizens and the world.
Size is the enemy of excellence in investment banking, particularly when you are trying to put together two different cultures.
After I left Treasury, I think in some ways it was harder to sit there and be writing my book... listening to all the criticism.
If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens.
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.
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 Fed has neither the clear statutory authority nor the mandate to anticipate and deal with risks across our entire financial system.
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.
When you look at territorial disputes, there are good arguments on any sides. I think it's important that we don't take sides on legitimacy.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis.
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.
Let's not forget, what TARP did allowed us to move overnight and put capital into hundreds of banks, and that money came back plus $32 billion.
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.
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.
The idea of being Treasury secretary in the abstract appealed to me, but my initial inclination was that it wasn't right for me to take that step.
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.
I have always tried to live by the philosophy that when there is a big problem that needs fixing, you should run towards it, rather than away from it.
Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.
For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.
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.
My focus is on the financial sector, on getting credit going, getting lending flowing. I can't imagine anything that would have a bigger stimulative impact.
I believe some of the tensions the U.S. has had with Russia and that the Europeans have had with Russia... China is taking advantage of some of those dealings.
It is important that China stop its over-reliance on municipal debt to finance infrastructure. I take comfort in the fact that China's leaders understand this.
The Treasury Department has a critical role to play in helping to set the direction of a U.S. and global economy, a role that reaches back to America's founding.