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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
Limits
Fought
Policy
Favor
Interest
Limit
Favors
Foreign
Interests
Lobbies
Competition
Export
China
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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In just about every area of society, there's nothing more important than ethics.
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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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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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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China needs a currency that reflects underlying economic fundamentals.
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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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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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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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The worst is likely to be behind us.
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There is no way to stabilize the markets other than through government intervention.
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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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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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There are some things that you can work on immediately.
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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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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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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