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There is a very real danger that financial regulation will become a wolf in sheep's clothing.

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
Regulation
Sheep
Financial
Danger
Become
Real
Wolf
Clothings
Clothing

More quotes by Henry Paulson

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China needs a currency that reflects underlying economic fundamentals.
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There is no way to stabilize the markets other than through government intervention.
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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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The worst is likely to be behind us.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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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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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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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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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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There are some things that you can work on immediately.
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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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 don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
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In just about every area of society, there's nothing more important than ethics.
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I've always said, 'I don't want to be irrelevant.'
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