Indian-Americans are physicians, engineers, CEOs, professors, teachers, entrepreneurs. They are a vital part of the United States' economic and social fabric. Because of this long history, the bonds among our people and our cultures will remain strong.

I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.

In pursuing economic growth, India and the United States share similar values and similar challenges. We understand that the global economy is here to stay. To keep growing and leading the world in innovation and opportunity, the United States and India must trade freely, openly, and according to the principles of the global marketplace.

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.

Let's not forget, what TARP did allowed us to move overnight and put capital into hundreds of banks, and that money came back plus $32 billion.

China needs a currency that reflects underlying economic fundamentals.

When it comes to the presidency, I will not vote for Donald Trump.

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

I hate good press, and I abhor bad press.

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.

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

What I've said repeatedly is, 'I think the auto industry is a very important industry.'

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.

If the financial system collapses, it's really, really hard to put it back together again.

I'd have liked to have been another Faulkner, of course.

As a steward of the U.S.economy and financial systems, the Treasury has helped lay the groundwork for the American economy to become a model of strength, flexibility, dynamism, resiliency. This is a system that generates growth, creates jobs and wealth, rewards initiative, and fosters innovation.

I've been through periods of stress, turbulence in the market for over the course of my career, various times, and never in any of those other periods have we had the advantage of a strong economy underpinning the markets.

China saves too much, produces too much, sells too much to Americans and consumes too little.

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.

I see nothing easy in Washington. I see either analytically simple things that are politically complex or those that are politically complex and analytically complex. I mean, look at immigration reform, you know? It is, I think, analytically easy, but politically very, very complex and very difficult.

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

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.

The Chinese have done some extraordinary things in terms of the investments they've made in alternative sources of energy.

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

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.'

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

India is one of the world's largest and most peaceful states with advanced nuclear technologies and has been isolated from the rest of the world on nuclear issues.

For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.

As the Indian government has embraced greater economic openness, the creativity and expertise of the Indian workforce has been unleashed onto the world economic stage.

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

The U.S. and China need to take steps - mostly individually, sometimes together - that will have the mutually beneficial effect of supporting and sustaining economic growth.

Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.

In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.

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

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

A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.

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.

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

When our markets work, people throughout our economy benefit - Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses financing investments that create new jobs.

One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.

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.

As Americans, we shouldn't like bailouts. Where I come from, if someone takes a risk and they're going to make the profit from that risk, they shouldn't have the taxpayer pay for the losses.

When the economy is growing, there's a lot that can be done to deal with the deficit.

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

I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.

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.

As a Christian Scientist, I don't go to doctors and get diagnoses.

I have relied on prayer for health care all of my life.

From the beginning of time, we've had financial crises. People always blame the banks and for good reason. When you look for the root causes, they're almost always failed government policies.