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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
Hurt
Firms
Practice
Practices
Much
Nearly
Firm
Foreign
Chinese
Private
Ones
More quotes by Henry Paulson
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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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 are some things that you can work on immediately.
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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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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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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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 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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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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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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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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There is no way to stabilize the markets other than through government intervention.
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I've always said, 'I don't want to be irrelevant.'
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I'm a straightforward person. I like to be direct with people.
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