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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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
Ones
Hurt
Firms
Practice
Practices
Much
Nearly
Firm
Foreign
Chinese
Private
More quotes by Henry Paulson
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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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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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
Henry Paulson
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.
Henry Paulson
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've always said, 'I don't want to be irrelevant.'
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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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China saves too much, produces too much, sells too much to Americans and consumes too little.
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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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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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The worst is likely to be behind us.
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I'm a straightforward person. I like to be direct with people.
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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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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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