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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
Feds
Brothers
Brother
Would
Lehman
Prevented
Bankruptcy
Loan

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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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There is no way to stabilize the markets other than through government intervention.
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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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In just about every area of society, there's nothing more important than ethics.
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I'm a straightforward person. I like to be direct with people.
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Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
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China needs a currency that reflects underlying economic fundamentals.
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I've always said, 'I don't want to be irrelevant.'
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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 U.S. didn't save enough we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.
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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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Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
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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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