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" It's hard to punish and save the banks at the same time. "

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" 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. "

" 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. "

" We've had crooks from the beginning of time... it's always very interesting and troubling why good people do bad things. "

" I hope to help the Indian government advance their economic reform agenda, which will benefit India's citizens and the world. "

" As we work to promote greater economic opportunity for the American people, we must always remember that the American economy is deeply integrated with the global economy. That brings challenges but even greater opportunities. "

" U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market. "

" A Fed loan to Lehman Brothers would not have prevented a bankruptcy. "

" When I left the Treasury, there was a poll that showed - and I don't remember the numbers exactly right - something like 90% of the people were against TARP. It prevented a disaster, but you don't get credit for a disaster that people don't see. "

" 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. "

" Simply put, a Trump presidency is unthinkable. "

" It is the policy of the federal government to use all resources at its disposal to make our financial system stronger. "

" When you have a big, ugly problem, there's never going to be a neat, elegant solution that is totally painless or without a cost. "

" What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners. "

" As long as I can remember, I had a strong interest in fishing, and my parents, even though they had never fished or camped, took us on canoe camping trips in the wilderness of Quetico Provincial Park in Ontario, Canada, where I could fish to my heart's content. "

" The Treasury Department has a critical role to play in helping to set the direction of a U.S. and global economy, a role that reaches back to America's founding. "

" I hate good press, and I abhor bad press. "

" I believe that the root cause of every financial crisis, the root cause, is flawed government policies. "

" When I worry about risks, I worry about the biggest ones, particularly those that are difficult to predict - the ones I call small but deep holes. While odds are you will avoid them, if you do fall in one, it's a long way down and nearly impossible to claw your way out. "

" I supported some very, very objectionable things in terms of bailouts or rescues, but I did it not for Wall Street, but for the American people. "

" I've got to say our banking system is a safe and a sound one. And since the days when we've had federal deposit insurance in place, we haven't had a depositor who's got less than $100,000 in an account lose a penny. So the American people can be very, very confident about their accounts in our banking system. "

" My focus is on the financial sector, on getting credit going, getting lending flowing. I can't imagine anything that would have a bigger stimulative impact. "

" China has a more assertive, proactive foreign policy as its interests are growing around the world. "

" There is big resistance from vested interests in China that don't want to open up to competition. "

" I prefer to work at the policy level, on trying to fix flawed government policies. "

" America is the land of opportunity. We need to be vigilant in ensuring that each and every American has the opportunity to acquire the skills to compete and to see those skills rewarded in the marketplace. "

" Too often, we restrict trade that would create U.S. jobs and is in our national interest. "

" 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. "

" I think all governments engage in intelligence gathering vis-a-vis other governments. "

" Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution. "

" If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens. "