Jeff Fortenberry: “Again, because of the size, the total expenditure of the problem, even a small drop in fraud actually saves us lots and…”

China's development strategy, frankly, is this: It is predatory lending, it is resource extraction, and it is payment to authoritarian regimes.

I believe this is inconsistent with sound diplomacy. It is a projection of our own ideological divisions on the poor throughout the world.

Thank you again for holding the hearing. I thought it was a very thorough, good discussion.

I think it is a critical new architecture for, again, establishing trust and economic well-being with continuity, using the best of the private market system with a little bit of subsidy.