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

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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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China needs a currency that reflects underlying economic fundamentals.
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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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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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I've always said, 'I don't want to be irrelevant.'
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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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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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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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There are some things that you can work on immediately.
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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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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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There is no way to stabilize the markets other than through government intervention.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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