Quotes of All Topics . Occasions . Authors
If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens.
We do not view 2005 to be a clean operating year, and the positives of beating expectations are offset by guidance moving around.
I say after eight years of this Administration we have just as much unemployment as when we started. … And an enormous debt to boot!
Freedom is strangely ephemeral. It is something like breathing; one only becomes acutely aware of its importance when one is choking.
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.
Our GDP growth rates are creating - our high GDP growth rates, the success of our economy means we're creating lots of disposable income.
Writing checks for charities is necessary and important. But it can't compare with corporal works of mercy, which are infinitely greater.
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.
I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar.
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.
We must start with the reality that corporations cannot guarantee anyone a lifetime job any more than corporations have a guarantee of immortality.
Higher energy prices act like a tax. They reduce the disposable income people have available for other things after they've paid their energy bills.
I continue to believe that the American people have a love-hate relationship with inflation. They hate inflation but love everything that causes it.
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.
I want to see this country prosperous. I want to see people get a job. I want to see people get enough to eat. We have never made good on our promises.
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.
Trading demands total concentration and the ability to do several things at once while instantly recalling trading prices from the day, or week, before.
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.
The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.
I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market.
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.
To be manager of the Yankees under the malevolent dictatorship of George Steinbrenner is like being married to Zsa Zsa Gabor - the union is short and sweet.
Everybody you talk to about insurance says the insurance market has become a lot more vibrant as a result of lifting, allowing the foreign direct investment.
What this loss means will be appreciated from the statement that one bushel of wheat contains sufficient energy to support the average working man for 15 days.
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.
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.
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
For the U.S., the primary interest is our continued access to Saudi Arabian oil in adequate quantities... at an acceptable political as well as economic price.
Wars are not acts of God. They are caused by man, by man-made institutions, by the way in which man has organized his society. What man has made, man can change.
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.
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.
India is one of the world's largest and most peaceful states with advanced nuclear technologies and has been isolated from the rest of the world on nuclear issues.
Buckwheat may be planted later than any similar crop, and often does well on old meadows or waste land that can be broken after the more exacting crops are planted.
I think we'll build a consensus for action on Social Security reform which will reduce that long-term unfunded obligation and put the system on a sustainable basis.
In the southern half of the country perhaps no crop has larger possibilities for quick increase of production of food for both men and animals than the sweet potato.
We have the most flexible and adaptive economy. Making sure we sustain the ability of the American economy to perform well is really the priority of economic policy.
As the Indian government has embraced greater economic openness, the creativity and expertise of the Indian workforce has been unleashed onto the world economic stage.
I was secretary of the Treasury when the credit bubble burst, so I think it's fair to say that I know a little bit about risk, assessing outcomes, and problem-solving.
I happen to think that global slowdown, the slowdown in investment, strengthening dollar probably provide more of a headwind than we get from the decline in oil prices.
And one of our points of continuing conversation with our trading partners is the urgency of their taking steps to remove barriers to their improved growth performance.