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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
Risk
Allowed
Infrastructures
System
Fail
Regulatory
Must
Market
Constrain
Would
Financial
Optimal
Institutions
Threaten
Discipline
Overall
Failure
Effectively
Failing
Infrastructure

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