Quote

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

Henry Paulson

Change background

T
T
T

Change font

TAGS & TOPICS

Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
Institution
Architecture
Financial
Institutions
Save
Failing
Overriding
Goal
Restructuring
Never
Taxpayers

More quotes by Henry Paulson

Image
Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
Henry Paulson
Image
As a Christian Scientist, I don't go to doctors and get diagnoses.
Henry Paulson
Image
One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
Henry Paulson
Image
China needs a currency that reflects underlying economic fundamentals.
Henry Paulson
Image
I think all governments engage in intelligence gathering vis-a-vis other governments.
Henry Paulson
Image
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.
Henry Paulson
Image
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.
Henry Paulson
Image
A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
Henry Paulson
Image
I've always said, 'I don't want to be irrelevant.'
Henry Paulson
Image
China saves too much, produces too much, sells too much to Americans and consumes too little.
Henry Paulson
Image
There are some things that you can work on immediately.
Henry Paulson
Image
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.
Henry Paulson
Image
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.
Henry Paulson
Image
Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
Henry Paulson
Image
There is no way to stabilize the markets other than through government intervention.
Henry Paulson
Image
What I've said repeatedly is, 'I think the auto industry is a very important industry.'
Henry Paulson
Image
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.
Henry Paulson
Image
I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
Henry Paulson
Image
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.
Henry Paulson
Image
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.
Henry Paulson