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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.

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
Failure
Effectively
Failing
Infrastructure
Risk
Allowed
Infrastructures
System
Fail
Regulatory
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Financial
Optimal
Institutions
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Overall

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