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I believe that the root cause of every financial crisis, the root cause, is flawed government policies

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
Every
Root
Believe
Roots
Financial
Crisis
Cause
Policy
Causes
Flawed
Government
Policies

More quotes by Henry Paulson

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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.
Henry Paulson
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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The worst is likely to be behind us.
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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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.
Henry Paulson
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
Henry Paulson
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The U.S. didn't save enough we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things.
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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.
Henry Paulson
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I'm a straightforward person. I like to be direct with people.
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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 are some things that you can work on immediately.
Henry Paulson
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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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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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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.
Henry Paulson
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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.
Henry Paulson
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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 a very real danger that financial regulation will become a wolf in sheep's clothing.
Henry Paulson