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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
Institutions
Save
Failing
Overriding
Goal
Restructuring
Never
Taxpayers
Institution
Architecture
Financial

More quotes by Henry Paulson

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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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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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China needs a currency that reflects underlying economic fundamentals.
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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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There are some things that you can work on immediately.
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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 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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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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I've always said, 'I don't want to be irrelevant.'
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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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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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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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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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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