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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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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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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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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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 are some things that you can work on immediately.
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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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In just about every area of society, there's nothing more important than ethics.
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There is no way to stabilize the markets other than through government intervention.
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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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China needs a currency that reflects underlying economic fundamentals.
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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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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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've always said, 'I don't want to be irrelevant.'
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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's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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