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" When companies fail, shareholders bear the losses. It's just the way our system is supposed to work. "

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" China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon. "

" I happen to think that global slowdown, the slowdown in investment, strengthening dollar probably provide more of a headwind than we get from the decline in oil prices. "

" There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage. "

" To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy. "

" China's growth and stability is a vital issue for all nations. "

" I've long believed the environmental issue is an economic issue and a political issue. The three are entwined. You can't build prosperity on any basis other than a long-term basis, and you can't do that if you don't have a healthy environment. "

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

" In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community. "

" Illiquid asset purchases are all about capital and encouraging private capital to come in. "

" Frankly I'm a bit concerned when it comes to U.S.-China relations. "

" Every American business, from the biggest companies to small hardware companies, need money to flow through the system not only to create new jobs but to sustain existing jobs. "

" When the financial system works as it should, money and capital flow to and from households and businesses to pay for home loans, school loans, and investments to create jobs. "

" I've always said, 'I don't want to be irrelevant.' "

" I always told people in the private sector, 'You can be the smartest person in the world, you can have the very best ideas, but if you can't sell them and you can't get other people to work with you, you're not going to succeed.' "

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

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

" Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers. "

" We must limit the perception that some institutions are either too big or too interconnected to fail. "

" I was secretary of the Treasury in 2008. In that role, I had the privilege to work with many talented men and women in government and the private sector who labored to pull our nation back from the brink of disaster. "

" I think the Chinese are wise. After all, they know the U.S. is in a very different league than Russia. The U.S. is the major power in the world, and the US-China relationship... is very important to global stability, to sustain global economic growth. "

" For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system. "

" When you look at territorial disputes, there are good arguments on any sides. I think it's important that we don't take sides on legitimacy. "

" I've always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don't change to adapt to the facts, you will never be successful. "

" I will never apologize for changing the approach or strategy when the facts change. "

" I think it is asking a lot for regulators to be perfect - because they won't be. "

" There's a great lack of financial literacy and understanding in this nation, even among college-educated people. "

" The country is polarized. And I think part of it - it is not just social media. We get our facts from different places. People self-select with so many different cable channels and so many sources. I think that is a huge problem. "

" The financial security of all Americans - their retirement savings, their home values, their ability to borrow for college, and opportunities for more and higher-paying jobs - depends on our ability to restore our financial institutions to sound footing. "

" We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure, in the whole way over-the-counter derivatives work. "

" It is important that China stop its over-reliance on municipal debt to finance infrastructure. I take comfort in the fact that China's leaders understand this. "