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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
Never
Taxpayers
Institution
Architecture
Financial
Institutions
Save
Failing
Overriding
Goal
Restructuring

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I've always said, 'I don't want to be irrelevant.'
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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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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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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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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 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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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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The worst is likely to be behind us.
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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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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 is no way to stabilize the markets other than through government intervention.
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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