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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

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
Competition
Export
China
Policies
Limits
Fought
Policy
Favor
Interest
Limit
Favors
Foreign
Interests
Lobbies

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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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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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The worst is likely to be behind us.
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China needs a currency that reflects underlying economic fundamentals.
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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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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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China saves too much, produces too much, sells too much to Americans and consumes too little.
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There is no way to stabilize the markets other than through government intervention.
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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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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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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 think all governments engage in intelligence gathering vis-a-vis other governments.
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I'm a straightforward person. I like to be direct with people.
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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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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There are some things that you can work on immediately.
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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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In just about every area of society, there's nothing more important than ethics.
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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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