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

Henry Paulson

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Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
Prevented
Bankruptcy
Loan
Feds
Brothers
Brother
Would
Lehman

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I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They're efficient. They're flexible.
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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.
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Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
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One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
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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.
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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
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The worst is likely to be behind us.
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The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority.
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I've always said, 'I don't want to be irrelevant.'
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There are some things that you can work on immediately.
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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.
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Even if you don't have the authorities - and frankly I didn't have the authorities for anything - if you take charge, people will follow.
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For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
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