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

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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 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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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There is no way to stabilize the markets other than through government intervention.
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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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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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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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There are some things that you can work on immediately.
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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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The worst is likely to be behind us.
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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'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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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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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's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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