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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
Conspiracy
Markets
Government
Way
Stabilize
Intervention

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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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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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What I've said repeatedly is, 'I think the auto industry is a very important industry.'
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I think all governments engage in intelligence gathering vis-a-vis other governments.
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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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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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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
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I've always said, 'I don't want to be irrelevant.'
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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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'm a straightforward person. I like to be direct with people.
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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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In just about every area of society, there's nothing more important than ethics.
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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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China needs a currency that reflects underlying economic fundamentals.
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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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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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