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

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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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In just about every area of society, there's nothing more important than ethics.
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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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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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There are some things that you can work on immediately.
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The worst is likely to be behind us.
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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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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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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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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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China needs a currency that reflects underlying economic fundamentals.
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I'm a straightforward person. I like to be direct with people.
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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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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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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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