I See The Underlying Economy

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.

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.

China Needs A Currency That Reflects Underlying Economic Fundamentals.

There Is A Very Real Danger That Financial Regulation Will Become A Wolf In Sheep's Clothing.

It's A Safe Banking System, A Sound Banking System. Our Regulators Are On Top Of It. This Is A Very Manageable Situation.