Economic Growth And Environmental Protection Are Not

There Are Two Issues That People Sometimes Confuse, But They're Very Closely Related. There Is The Strength And The Stability Of The American Financial System. And It's Very Important That That System Remain Stable And Remain Strong And Lending Is Very Important To Consumers. Secondly, The Economy. And What Has Gone On In Financial System Is Impacting The Economy. And As The Economy Is Turning Down, It Is Very Important That Lending Continue To Be Available And Be Available To Consumers. So What We're Doing With This Facility Is To Support - Is To Support Consumer Lending.

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.

My Preference Is For The Federal Reserve To Be The Systemic Risk Regulator, Because The Responsibility For Identifying And Limiting Potential Problems Is A Natural Complement To Its Role In Monetary Policy.

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.

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.