Henry Paulson
Henry Paulson
Henry "Hank" Merritt Paulson, Jr.is an American banker who served as the 74th Secretary of the Treasury. He had served as the Chairman and Chief Executive Officer of Goldman Sachs, and is now a fellow at the Harris School of Public Policy Studies and the chairman of the Paulson Institute at the University of Chicago, which he founded in 2011 to promote sustainable economic growth and a cleaner environment around the world, with an initial focus on the United States...
NationalityAmerican
ProfessionPolitician
Date of Birth28 March 1946
CityPalm Beach, FL
CountryUnited States of America
Economic growth and environmental protection are not at odds. They're opposite sides of the same coin if you're looking at longer-term prosperity.
China saves too much, produces too much, sells too much to Americans and consumes too little.
As a Christian Scientist, I don't go to doctors and get diagnoses.
I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
I don't see (subprime mortgage market troubles) imposing a serious problem. I think it's going to be largely contained.
I think the danger is to just look through that lens, to lose a sense of perspective and rush toward harsh regulations that are unnecessary. Some regulation will be necessary, some changes in accounting rules.
Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.
For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.
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've been through periods of stress, turbulence in the market for over the course of my career, various times, and never in any of those other periods have we had the advantage of a strong economy underpinning the markets.
I believe that the root cause of every financial crisis, the root cause, is flawed government policies
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don't believe the world is going to give them as much time as they would like.