Financial system Quotes
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The Libor system is structurally flawed. It is a major problem for our financial system and for the confidence in the financial system. We need to address it.
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Our financial system is so complicated and so interactive - so many different markets in different countries and so many sets of rules.
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Well, as you know, we're working through a difficult period in our financial markets right now as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.
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As we try to make the financial system safer, we must inevitably confront the problem of moral hazard.
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If the financial system collapses, it's really, really hard to put it back together again.
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Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
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We do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.
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The stress on the financial system in the fall of 2007 was significant, but not so significant as to threaten the overall stability of the U.S. economy, although it did lead to the beginning of a recession at the end of 2007.
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I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
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It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
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The reason we need to have a gold and silver based currency is to bring discipline to the financial system so the government can't go out and do all sorts of bad things.
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By rescuing the financial system without reforming it, Washington has done nothing to protect us from a new crisis, and, in fact, has made another crisis more likely.
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Our mission, as set forth by the Congress is a critical one: to preserve price stability, to foster maximum sustainable growth in output and employment, and to promote a stable and efficient financial system that serves all Americans well and fairly.
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Today, even small entities that trade complex instruments or are granted sufficient leverage can threaten the global financial system.
