Quote

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.

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
Stability
Manner
Allocate
Prosperity
Governmental
Market
Promotes
Financial
Scarce
Resources
Effectively
Open
Intervention
Better
Competitive

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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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There are some things that you can work on immediately.
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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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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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The worst is likely to be behind us.
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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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There is no way to stabilize the markets other than through government intervention.
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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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China saves too much, produces too much, sells too much to Americans and consumes too little.
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China needs a currency that reflects underlying economic fundamentals.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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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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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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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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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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There is a very real danger that financial regulation will become a wolf in sheep's clothing.
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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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