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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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 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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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.'
Henry Paulson
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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.
Henry Paulson
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China needs a currency that reflects underlying economic fundamentals.
Henry Paulson
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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.
Henry Paulson
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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.
Henry Paulson
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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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There are some things that you can work on immediately.
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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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.
Henry Paulson
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
Henry Paulson