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" 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

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" I will never apologize for changing the approach or strategy when the facts change. "

" Illiquid asset purchases are all about capital and encouraging private capital to come in. "

" There is a time for weighing evidence and a time for acting. And if there's one thing I've learned throughout my work in finance, government, and conservation, it is to act before problems become too big to manage. "

" It is the policy of the federal government to use all resources at its disposal to make our financial system stronger. "

" 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. "

" 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. "

" 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. "

" 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. "

" As a Christian Scientist, I don't go to doctors and get diagnoses. "

Henry Paulson

Christian

Scientist

" Foreclosures are a significant problem; they're an economic problem. "

" When it comes to the presidency, I will not vote for Donald Trump. "

" As our relationship with China grows and matures, tensions will naturally emerge. "

" 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'd have liked to have been another Faulkner, of course. "

" China has a more assertive, proactive foreign policy as its interests are growing around the world. "

Henry Paulson

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" If the financial system collapses, it's really, really hard to put it back together again. "

" In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community. "

" 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. "

" I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers. "

" As a steward of the U.S.economy and financial systems, the Treasury has helped lay the groundwork for the American economy to become a model of strength, flexibility, dynamism, resiliency. This is a system that generates growth, creates jobs and wealth, rewards initiative, and fosters innovation. "

" 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. "

" 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. "

" I'll be voting for Hillary Clinton, with the hope that she can bring Americans together to do the things necessary to strengthen our economy, our environment, and our place in the world. "

" Xi Jinping is a very strong and ambitious leader who is looking to make a lot of changes in China. He is not looking to follow a Western model based on universal suffrage. That is for sure. "

" 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. "

" I think history shows that countries have to have some kind of a threshold level of economic success before they begin to have the means and the will to focus on the environment. "

" I have relied on prayer for health care all of my life. "

" No bank should be too big or too complex to fail, but almost any bank is too big to liquidate quickly, particularly in the midst of a crisis. "

" 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. "

" One of the things I enjoy the most is fishing. "