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China saves too much, produces too much, sells too much to Americans and consumes too little.

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
Sells
China
Americans
Produce
Littles
Little
Consumes
Much
Saves
Produces

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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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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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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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've always said, 'I don't want to be irrelevant.'
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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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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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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 just about every area of society, there's nothing more important than ethics.
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The worst is likely to be behind us.
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There are some things that you can work on immediately.
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