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China needs a currency that reflects underlying economic fundamentals.

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
Currency
Fundamentals
China
Economic
Needs
Underlying
Reflects

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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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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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There are some things that you can work on immediately.
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It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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 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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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 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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The worst is likely to be behind us.
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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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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