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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
Americans
Produce
Littles
Consumes
Little
Saves
Much
Produces
Sells
China

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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I'm a straightforward person. I like to be direct with people.
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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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The worst is likely to be behind us.
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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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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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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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China needs a currency that reflects underlying economic fundamentals.
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In just about every area of society, there's nothing more important than ethics.
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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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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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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 think all governments engage in intelligence gathering vis-a-vis other governments.
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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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