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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
Goal
Restructuring
Never
Taxpayers
Institution
Architecture
Financial
Institutions
Save
Failing
Overriding

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China saves too much, produces too much, sells too much to Americans and consumes too little.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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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's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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There is no way to stabilize the markets other than through government intervention.
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In just about every area of society, there's nothing more important than ethics.
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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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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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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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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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I've always said, 'I don't want to be irrelevant.'
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I'm a straightforward person. I like to be direct with people.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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I think all governments engage in intelligence gathering vis-a-vis other governments.
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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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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 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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