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

More quotes by Henry Paulson

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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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China saves too much, produces too much, sells too much to Americans and consumes too little.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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There is no way to stabilize the markets other than through government intervention.
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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 a Christian Scientist, I don't go to doctors and get diagnoses.
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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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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
Henry Paulson
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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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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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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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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There are some things that you can work on immediately.
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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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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.
Henry Paulson
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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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I think all governments engage in intelligence gathering vis-a-vis other governments.
Henry Paulson
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The worst is likely to be behind us.
Henry Paulson