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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.

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
Architecture
Financial
Institutions
Save
Failing
Overriding
Goal
Restructuring
Never
Taxpayers
Institution

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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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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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I've always said, 'I don't want to be irrelevant.'
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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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China needs a currency that reflects underlying economic fundamentals.
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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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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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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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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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I'm a straightforward person. I like to be direct with people.
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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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There are some things that you can work on immediately.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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