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There is no way to stabilize the markets other than through government intervention.

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
Way
Stabilize
Intervention
Conspiracy
Markets
Government

More quotes by Henry Paulson

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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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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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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'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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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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Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
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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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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 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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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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 think all governments engage in intelligence gathering vis-a-vis other governments.
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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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China saves too much, produces too much, sells too much to Americans and consumes too little.
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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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The worst is likely to be behind us.
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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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