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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
Role
Limiting
Problems
Identifying
Policy
Reserve
Roles
Monetary
Risk
Preference
Regulator
Responsibility
Reserves
Systemic
Natural
Federal
Regulators
Problem
Potential
Complement

More quotes by Henry Paulson

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China needs a currency that reflects underlying economic fundamentals.
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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I've always said, 'I don't want to be irrelevant.'
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
Henry Paulson
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In just about every area of society, there's nothing more important than ethics.
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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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There is no way to stabilize the markets other than through government intervention.
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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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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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The worst is likely to be behind us.
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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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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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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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I'm a straightforward person. I like to be direct with people.
Henry Paulson