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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
Loan
Feds
Brothers
Brother
Would
Lehman
Prevented
Bankruptcy

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I'm a straightforward person. I like to be direct with people.
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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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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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There is no way to stabilize the markets other than through government intervention.
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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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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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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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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 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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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