There's A Lot Of Things

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.

I Never Once Considered That It Was Appropriate To Put Taxpayer Money On The Line In Resolving Lehman Brothers.

Payment Systems Are Critically Important For Overall Market Stability. On A Typical Business Day, U.s. Payment And Settlement Systems Settle Transactions Valued At Over $13 Trillion.

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.

I Understand How Important The Automakers Are To America. And I Understand A Bankruptcy; A Failure In That Industry Wouldn't Be A Good Thing. It's Something We Should Avoid.