Home
Authors
Tags
App
Get QuoteDark Inspirational Quotes App
" If the financial system collapses, it's really, really hard to put it back together again. "
Henry Paulson
Together
System
Hard
Related Quotes:
" I was secretary of the Treasury when the credit bubble burst, so I think it's fair to say that I know a little bit about risk, assessing outcomes, and problem-solving. "
Henry Paulson
Risk
Know
Say
" Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence. "
Henry Paulson
Today
Diligence
Process
" I grew up on a farm - I know the smell of horse manure. It does smell better than pig manure. "
Henry Paulson
Know
Horse
Farm
" No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system. "
Henry Paulson
People
Financial
Long
" I grew up with a strong set of values - and one was never judging someone by how much money they had. "
Henry Paulson
Money
Strong
Someone
" It's better to have the taxpayer pay for the losses than have the United States of America become an economic wasteland. If the financial system collapses, it's really, really hard to put it back together again. "
Henry Paulson
America
Better
Together
" If a financial institution has business operations in the United States, hires people in the United States, if they are clogged with illiquid assets, they have the same impact on the American people as any other institution. "
Henry Paulson
Financial
American
Business
" 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. "
Henry Paulson
Power
Beginning
Process
" I believe that the root cause of every financial crisis, the root cause, is flawed government policies. "
Henry Paulson
Crisis
Believe
Financial
" When you run a company, you want to hand it off in better shape than you found it. In the same way, just as we shouldn't leave our children or grandchildren with mountains of national debt and unsustainable entitlement programs, we shouldn't leave them with the economic and environmental costs of climate change. "
Henry Paulson
Change
Mountains
Better
" Size is the enemy of excellence in investment banking, particularly when you are trying to put together two different cultures. "
Henry Paulson
Together
Enemy
Trying
" I am suspicious of career engineers, people that plan it out every step of the way. "
Henry Paulson
People
Plan
Way
" I'm a straightforward person. I like to be direct with people. "
Henry Paulson
Like
People
Person
" A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers. "
Henry Paulson
Create
Price
Development
" Let's not forget, what TARP did allowed us to move overnight and put capital into hundreds of banks, and that money came back plus $32 billion. "
Henry Paulson
Money
Forget
Overnight
" 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. "
Henry Paulson
Failure
Risk
Financial
" An AIG failure would have been devastating to the financial system and to the economy. "
Henry Paulson
Economy
System
Financial
" The idea of being Treasury secretary in the abstract appealed to me, but my initial inclination was that it wasn't right for me to take that step. "
Henry Paulson
Right
Take
Abstract
" A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward. "
Henry Paulson
Than
Country
Tax
" 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. "
Henry Paulson
Confidence
Problem
Growth
" I believe some of the tensions the U.S. has had with Russia and that the Europeans have had with Russia... China is taking advantage of some of those dealings. "
Henry Paulson
I Believe
Believe
Russia
" All of us would like to have our children and their grandchildren grow up with at least the level of prosperity that we had. In the U.S., we seem to be very selfish because the older generation is not making the sacrifices. "
Henry Paulson
Grow
Grandchildren
Children
" If you've got a bazooka, and people know you've got it, you may not have to take it out. "
Henry Paulson
Know
You
Take
" I've always said, 'I don't want to be irrelevant.' "
Henry Paulson
Want
Irrelevant
Always
" Sovereign wealth fund money should be welcomed. The only way not to welcome that money is when it's politically driven. "
Henry Paulson
Wealth
Driven
Money
" 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. "
Henry Paulson
Work
Way
Flaws
" 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. "
Henry Paulson
Over
Settle
Important
" 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. "
Henry Paulson
Financial
College
Home
" 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. "
Henry Paulson
Growth
Broken
Financial
" As our relationship with China grows and matures, tensions will naturally emerge. "
Henry Paulson
China
Grows
Our