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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
Littles
Little
Consumes
Much
Saves
Produces
Sells
China
Americans
Produce
More quotes by Henry Paulson
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.
Henry Paulson
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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In just about every area of society, there's nothing more important than ethics.
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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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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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China needs a currency that reflects underlying economic fundamentals.
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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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I've always said, 'I don't want to be irrelevant.'
Henry Paulson
The worst is likely to be behind us.
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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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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 no way to stabilize the markets other than through government intervention.
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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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I'm a straightforward person. I like to be direct with people.
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I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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