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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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
Auto
Repeatedly
Industry
Important
Think
Thinking
More quotes by Henry Paulson
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.
Henry Paulson
There is no way to stabilize the markets other than through government intervention.
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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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China saves too much, produces too much, sells too much to Americans and consumes too little.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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I think all governments engage in intelligence gathering vis-a-vis other governments.
Henry Paulson
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.
Henry Paulson
I believe that the root cause of every financial crisis, the root cause, is flawed government policies
Henry Paulson
In just about every area of society, there's nothing more important than ethics.
Henry Paulson
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
Henry Paulson
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 China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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There are some things that you can work on immediately.
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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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China needs a currency that reflects underlying economic fundamentals.
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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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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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I'm a straightforward person. I like to be direct with people.
Henry Paulson