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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
China
Americans
Produce
Littles
Little
Consumes
Much
Saves
Produces
Sells

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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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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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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There is no way to stabilize the markets other than through government intervention.
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I'm a straightforward person. I like to be direct with people.
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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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There are some things that you can work on immediately.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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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 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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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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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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I've always said, 'I don't want to be irrelevant.'
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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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