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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
Failing
Overriding
Goal
Restructuring
Never
Taxpayers
Institution
Architecture
Financial
Institutions
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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've always said, 'I don't want to be irrelevant.'
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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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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.
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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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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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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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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The worst is likely to be behind us.
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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 believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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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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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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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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In just about every area of society, there's nothing more important than ethics.
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