SECRETARY PAULSON: Well, I think there's got to be a balance between regulation and market discipline. You can't rely on one to solve the problem, but it's going to have to be streamlined and more effective regulation. And there's major changes that we need, and we also need major authorities to wind down financial institutions that aren't banks, aren't deposit -- aren't federal institutions with deposit insurance. We need resolutions and authorities to let us deal with situations like Lehman Brothers.
seen at 09:00, 15 September
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Whitehouse Press Briefings.
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