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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
Firsts
Priority
First
Capital
Make
Priorities
Available
Financial
Continue
System
Sure
More quotes by Henry Paulson
I believe that the root cause of every financial crisis, the root cause, is flawed government policies
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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The worst is likely to be behind us.
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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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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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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.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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I've always said, 'I don't want to be irrelevant.'
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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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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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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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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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There are some things that you can work on immediately.
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My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.
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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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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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In just about every area of society, there's nothing more important than ethics.
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Payment systems are critically important for overall market stability. On a typical business day, U.S. payment and settlement systems settle transactions valued at over $13 trillion.
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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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