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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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Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
Authority
Follow
Didn
Anything
Take
Authorities
Even
Frankly
People
Conspiracy
Charge

More quotes by Henry Paulson

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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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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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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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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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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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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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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There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
Henry Paulson
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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.
Henry Paulson
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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.
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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China needs a currency that reflects underlying economic fundamentals.
Henry Paulson
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There are some things that you can work on immediately.
Henry Paulson
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In just about every area of society, there's nothing more important than ethics.
Henry Paulson
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The worst is likely to be behind us.
Henry Paulson
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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.
Henry Paulson