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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.
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
Oil
Variety
Save
Exporters
Didn
Imbalances
Whole
Structural
Enough
Imbalance
Things
Borrowed
Asia
More quotes by Henry Paulson
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The worst is likely to be behind us.
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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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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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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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As a Christian Scientist, I don't go to doctors and get diagnoses.
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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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I'm a straightforward person. I like to be direct with people.
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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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