QUOTES by Henry Paulson
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I've always said to everyone that ever worked for me, if you get too dug in on a position, the facts change, and you don't change to adapt to the facts, you will never be successful.
Quote by -Henry Paulson
When companies fail, shareholders bear the losses. It's just the way our system is supposed to work.
Quote by -Henry Paulson
In all my life, I've been trained that when there's a big problem, you run toward it.
Quote by -Henry Paulson
The country is polarized. And I think part of it - it is not just social media. We get our facts from different places. People self-select with so many different cable channels and so many sources. I think that is a huge problem.
Quote by -Henry Paulson
We need a new tax system. We need entitlement reform. We need immigration reform. These are not easy things. But it is going to take our political system working better.
Quote by -Henry Paulson
The income disparity is a huge issue. And I think that the only solution to this - there is no easy solution - are fundamental changes. That the world is changing quicker than our policies are changing. And we need the kinds of policies that will let us have a competitive economy going forward.
Quote by -Henry Paulson
The Fed has neither the clear statutory authority nor the mandate to anticipate and deal with risks across our entire financial system.
Quote by -Henry Paulson
We must limit the perception that some institutions are either too big or too interconnected to fail.
Quote by -Henry Paulson
The financial security of all Americans - their retirement savings, their home values, their ability to borrow for college, and opportunities for more and higher-paying jobs - depends on our ability to restore our financial institutions to sound footing.
Quote by -Henry Paulson
To restore confidence in our markets and our financial institutions so they can fuel continued growth and prosperity, we must address the underlying problem. The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy.
Quote by -Henry Paulson
When the financial system works as it should, money and capital flow to and from households and businesses to pay for home loans, school loans, and investments to create jobs.
Quote by -Henry Paulson
As we work to promote greater economic opportunity for the American people, we must always remember that the American economy is deeply integrated with the global economy. That brings challenges but even greater opportunities.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
I will never apologize for changing the approach or strategy when the facts change.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
Taxpayer money should not have to be spent to save a misguided and mismanaged enterprise.
Quote by -Henry Paulson
An AIG failure would have been devastating to the financial system and to the economy.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
I hope to help the Indian government advance their economic reform agenda, which will benefit India's citizens and the world.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
I prefer to work at the policy level, on trying to fix flawed government policies.
Quote by -Henry Paulson
I never cared about money. When I was at school, I never wanted a car. I was focused on sports, studies, camping, being outdoors.
Quote by -Henry Paulson
I grew up with a strong set of values - and one was never judging someone by how much money they had.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
Many of the Western democracies - including the U.S. - have a problem that voters want benefits they don't want to pay for.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.
Quote by -Henry Paulson
When the economy is growing, there's a lot that can be done to deal with the deficit.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson
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.
Quote by -Henry Paulson