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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
Sheep
Financial
Danger
Become
Real
Wolf
Clothings
Clothing
Regulation

More quotes by Henry Paulson

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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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There are some things that you can work on immediately.
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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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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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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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 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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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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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.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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China needs a currency that reflects underlying economic fundamentals.
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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.
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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 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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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.
Henry Paulson