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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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Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
Natural
Federal
Regulators
Problem
Potential
Complement
Role
Limiting
Problems
Identifying
Policy
Reserve
Roles
Monetary
Risk
Preference
Regulator
Responsibility
Reserves
Systemic

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I've always said, 'I don't want to be irrelevant.'
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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I'm a straightforward person. I like to be direct with people.
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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 don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
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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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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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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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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