I believe that the root cause of every financial crisis, the root cause, is flawed government policies.
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.
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 didn't get the charm gene.
Complexity and interconnectedness matter as much as size in assessing risk in banking.
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.
I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise, and careful analysis were critical.
I grew up on a working farm. It was small, a hundred acres, but we had cows and pigs and chickens and sheep and a vegetable garden. I spent hours pulling weeds, hoeing, feeding the horses, cleaning out the stalls. My dad was a tough taskmaster. I always worked, but we also had fun.
Indian-Americans are physicians, engineers, CEOs, professors, teachers, entrepreneurs. They are a vital part of the United States' economic and social fabric. Because of this long history, the bonds among our people and our cultures will remain strong.
I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.
In pursuing economic growth, India and the United States share similar values and similar challenges. We understand that the global economy is here to stay. To keep growing and leading the world in innovation and opportunity, the United States and India must trade freely, openly, and according to the principles of the global marketplace.
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.
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.
China needs a currency that reflects underlying economic fundamentals.
When it comes to the presidency, I will not vote for Donald Trump.
It's hard to punish and save the banks at the same time.
I hate good press, and I abhor bad press.
All of us would like to have our children and their grandchildren grow up with at least the level of prosperity that we had. In the U.S., we seem to be very selfish because the older generation is not making the sacrifices.
Too often, we restrict trade that would create U.S. jobs and is in our national interest.
What I've said repeatedly is, 'I think the auto industry is a very important industry.'
