One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.

One of the things I enjoy the most is fishing.

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

Regulation needs to catch up with innovation.

The Chinese have done some extraordinary things in terms of the investments they've made in alternative sources of energy.

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

Too often, we restrict trade that would create U.S. jobs and is in our national interest.

We've had crooks from the beginning of time... it's always very interesting and troubling why good people do bad things.

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

When the economy is growing, there's a lot that can be done to deal with the deficit.

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.

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.

A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers.

An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.

As Americans, we shouldn't like bailouts. Where I come from, if someone takes a risk and they're going to make the profit from that risk, they shouldn't have the taxpayer pay for the losses.

As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.

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.

For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

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.