Tim Geithner: “The deficit is way too large. We have got to get it under control.”

If Congress were to legislate constraints on itself that was consistent with that deficit reduction path, that would be enormously helpful to sustaining the confidence in the United States and around the world that we are going to go back…

One of the most important things the Congress did is to say, 'We're going to establish a level playing field across banks and nonbanks.'

Those--the cuts are designed to starve those agencies of the ability--deny them the ability to enforce a set of basic, sensible protections for consumers and investors.

We're going to establish a level playing field across banks and nonbanks so that the business can't just shift to where there's no regulation.