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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.
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
Settling
Trillion
Stability
Transactions
Systems
Settlement
Market
Valued
Business
Overall
Important
Payment
Settle
Typical
Critically
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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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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 is no way to stabilize the markets other than through government intervention.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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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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I've always said, 'I don't want to be irrelevant.'
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I'm a straightforward person. I like to be direct with people.
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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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