Quote

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.

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
World
Openness
Onto
Indian
Creativity
Stage
Unleashed
Economic
Workforce
Greater
Embraced
Government
Expertise

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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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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 worst is likely to be behind us.
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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've always said, 'I don't want to be irrelevant.'
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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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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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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 China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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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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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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.
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There is no way to stabilize the markets other than through government intervention.
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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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