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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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Henry Paulson
Age: 78
Born: 1946
Born: March 28
Banker
Former United States Secretary Of The Treasury
Investment Banker
Politician
Palm Beach
Florida
First
Capital
Make
Priorities
Available
Financial
Continue
System
Sure
Firsts
Priority
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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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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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I've always said, 'I don't want to be irrelevant.'
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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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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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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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I think all governments engage in intelligence gathering vis-a-vis other governments.
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The worst is likely to be behind us.
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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.
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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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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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I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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