The plausible outcomes range from the gradual and benign to the more precipitous and damaging.

The choice is between which mistake is easier to correct: underdoing it or overdoing it.

Financial crises require governments.

The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.

The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits.

Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system.

I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market.

We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households.

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy.

The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy.

And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way.

Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through.

Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability.

As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past.

I personally believe that there's going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there's going to be a good case for that.

Although this crisis in some ways started in the United States, it is a global crisis. We bear a substantial share of the responsibility for what has happened, but factors that made the crisis so acute and so difficult to contain lie in a broader set of global forces that built up in the years before the start of our current troubles.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.

This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.

The government can help, but we need to make this transition now to a recovery led by private investment, private.

In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.

The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe.

We will not support returning Fannie and Freddie to the role they played before conservatorship, where they fought to take market share from private competitors while enjoying the privilege of government support.

The plausible outcomes range from the gradual and benign to the more precipitous and damaging.

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.

Most consequential choices involve shades of gray, and some fog is often useful in getting things done.

It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it.

But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing.

Most consequential choices involve shades of gray and some fog is often useful in getting things done.

Other people's lives come at us without a backstory most of the time. The present is like that.

I'm persuaded today that the only way you can get into another country with a different culture from your own is to find a local partner who knows the market. Discovering this felt like small children discovering that if you put a bobby pin into an electric plug you get a shock!

In this country, the health concerns and the environmental concerns are as deep as in Europe. All the surveys show that. But here, we didn't have the cultural dimension. This is a fast-food culture.

If a guy's got it, let him give it. I'm selling music, not prejudice.

I was kind of reflecting on my life and certain experiences, and you know, when I'm teaching and coaching my partners on 'Dancing With the Stars,' I sort of use those stories and anecdotes to help them sort of overcome certain fears.

Film is an emotional medium; it's not a logical medium. It's not an intellectual medium, so every decision you make as a filmmaker and an actor has to be emotional in some way, even in the rejection of logic.

I look at actors very closely. It's not an accident when the actors excel.

Don't waste your life dreaming of a better one.

I had a very peripatetic childhood, so I bounced around. Lived in Ethiopia until I was, like, three or four and then lived between Ireland and London.

Teens like a lot of the same things adults do: smart people doing amazing things against awful odds.

On a superhero show, you have to have people who are really human and who have the experience the audience is having.

The hardest job kids face today is learning good manners without seeing any.

We're developing things, but I don't know what we'll go with for the show, so I don't like to talk about it.

People think I like to expose my body. But I don't. It's just because the dance moves require it.

Freedom of speech doesnt protect speech you like it protects speech you dont like.

The key to my collections is sensuality.

No, as it turns out, I really like being congratulated on my weight loss. I like it so much, it's tragic.

After three failed marriages, I know what it's like to be replaced. So that's kind of how Joey Harrington must feel today... A former No. 1 choice looks to me like he's going to be a bust in Detroit.

On the other hand, in a society whose communication component is becoming more prominent day by day, both as a reality and as an issue, it is clear that language assumes a new importance.

You know, we have two families: the one we're born into, and the one that we make for ourselves afterwards.