In The Financial System We Have Today,

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.

Looking Past The Immediate Crisis, A More Resilient System Must Be Built On Stronger And Better Designed Shock Absorbers, Both In The Major Institutions And In The Infrastructure Of The Financial System.

We Have Parts Of Our System Which Are Overwhelmed By Regulation. It Wasn't The Absence Of Regulation That Was The Problem. It Was Despite The Presence Of Regulation You Got Huge Risks Built Up.

Some Think That By Preparing To Deal With Crises You Make Them More Likely. I Think The Wiser Judgment Is The Contrary. In This Area At Least, If You Want Peace Or Stability, It's Better To Prepare For War Or Instability

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.