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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
More quotes by Henry Paulson
China needs a currency that reflects underlying economic fundamentals.
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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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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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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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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's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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I've always said, 'I don't want to be irrelevant.'
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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 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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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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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 is a very real danger that financial regulation will become a wolf in sheep's clothing.
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The worst is likely to be behind us.
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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.
Henry Paulson
Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
Henry Paulson