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The Chinese have done some extraordinary things in terms of the investments they've made in alternative sources of energy.
Henry Paulson
I think all governments engage in intelligence gathering vis-a-vis other governments.
I always told people in the private sector, 'You can be the smartest person in the world, you can have the very best ideas, but if you can't sell them and you can't get other people to work with you, you're not going to succeed.'
Illiquid asset purchases are all about capital and encouraging private capital to come in.
India is one of the world's largest and most peaceful states with advanced nuclear technologies and has been isolated from the rest of the world on nuclear issues.
For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.
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.
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
The U.S. and China need to take steps - mostly individually, sometimes together - that will have the mutually beneficial effect of supporting and sustaining economic growth.
Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.
In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
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.
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.
A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
When our markets work, people throughout our economy benefit - Americans seeking to buy a car or buy a home, families borrowing to pay for college, innovators borrowing on the strength of a good idea for a new product or technology, and businesses financing investments that create new jobs.
One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
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.
As Americans, we shouldn't like bailouts. Where I come from, if someone takes a risk and they're going to make the profit from that risk, they shouldn't have the taxpayer pay for the losses.
When the economy is growing, there's a lot that can be done to deal with the deficit.
I've always said, 'I don't want to be irrelevant.'
I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.
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.
As a Christian Scientist, I don't go to doctors and get diagnoses.
I have relied on prayer for health care all of my life.
From the beginning of time, we've had financial crises. People always blame the banks and for good reason. When you look for the root causes, they're almost always failed government policies.
I have always tried to live by the philosophy that when there is a big problem that needs fixing, you should run towards it, rather than away from it.
I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.
The most pressing and significant problems in the global economy are unsustainable structural issues with regard to the E.U. - fiscal deficits and the structure of the E.U. itself.
Many of the Western democracies - including the U.S. - have a problem that voters want benefits they don't want to pay for.
As long as I can remember, I had a strong interest in fishing, and my parents, even though they had never fished or camped, took us on canoe camping trips in the wilderness of Quetico Provincial Park in Ontario, Canada, where I could fish to my heart's content.
From the time the kids were in upper grade school and middle school, we took trips over the Christmas break to nature-focused places, such as the Okefenokee Swamp and Cumberland Island in Georgia; Costa Rica; Maho Bay campground in St. John, Virgin Islands; the llanos of Venezuela; the southern coast and highlands of Belize.
I grew up with a strong set of values - and one was never judging someone by how much money they had.
I never cared about money. When I was at school, I never wanted a car. I was focused on sports, studies, camping, being outdoors.
I prefer to work at the policy level, on trying to fix flawed government policies.
We have institutions that have been allowed to become too big to fail because we had all kinds of flaws in our financial infrastructure, in the whole way over-the-counter derivatives work.
We don't have the necessary laws or powers to deal with failing non-bank institutions. If they're a big bank, the depositor has deposit insurance, and the regulators can wind them down without throwing them into bankruptcy.
Every American business, from the biggest companies to small hardware companies, need money to flow through the system not only to create new jobs but to sustain existing jobs.
I hope to help the Indian government advance their economic reform agenda, which will benefit India's citizens and the world.
Prime Minister Singh is to be commended for beginning the process of transforming India into a global economic power by initiating economic liberalization in the early 1990s.
I was secretary of the Treasury in 2008. In that role, I had the privilege to work with many talented men and women in government and the private sector who labored to pull our nation back from the brink of disaster.
An AIG failure would have been devastating to the financial system and to the economy.
Taxpayer money should not have to be spent to save a misguided and mismanaged enterprise.
Large financial institutions in this country will always play a role that is essential to our economic growth. But they must only be permitted to grow and interconnect, throughout our economy, under careful oversight and with a mechanism for allowing those connections to be broken safely.
I will never apologize for changing the approach or strategy when the facts change.
My focus is on the financial sector, on getting credit going, getting lending flowing. I can't imagine anything that would have a bigger stimulative impact.
The Treasury Department has a critical role to play in helping to set the direction of a U.S. and global economy, a role that reaches back to America's founding.
America is the land of opportunity. We need to be vigilant in ensuring that each and every American has the opportunity to acquire the skills to compete and to see those skills rewarded in the marketplace.