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" 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. "

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" 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. "

Henry Paulson

Back

Direction

Economy

" 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. "

" I think all governments engage in intelligence gathering vis-a-vis other governments. "

" 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. "

" I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work. "

" In pursuing economic growth, India and the United States share similar values and similar challenges. We understand that the global economy is here to stay. To keep growing and leading the world in innovation and opportunity, the United States and India must trade freely, openly, and according to the principles of the global marketplace. "

" 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 think the Chinese are wise. After all, they know the U.S. is in a very different league than Russia. The U.S. is the major power in the world, and the US-China relationship... is very important to global stability, to sustain global economic growth. "

" 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. "

" China's growth and stability is a vital issue for all nations. "

" 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. "

" 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. "

" When I left the Treasury, there was a poll that showed - and I don't remember the numbers exactly right - something like 90% of the people were against TARP. It prevented a disaster, but you don't get credit for a disaster that people don't see. "

" Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together. "

Henry Paulson

Environmental

Together

" A Fed loan to Lehman Brothers would not have prevented a bankruptcy. "

" What began as a subprime lending problem has spread to other, less risky mortgages and contributed to excess home inventories that have pushed down home prices for responsible homeowners. "

" 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. "

" 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. "

" One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets. "

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

" It is important that China stop its over-reliance on municipal debt to finance infrastructure. I take comfort in the fact that China's leaders understand this. "

" If AIG collapsed, it would have buckled our financial system and wrought economic havoc on the lives of millions of our citizens. "

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

Henry Paulson

Christian

Scientist

" My dad was somewhat of a naturalist and used to teach us about different birds and trees. So did a fifth grade teacher who made a lasting impact on me; to this day, I remember his lessons about counting the needles on pine trees, seeing if they are twisted or straight, and about checking the tips of oak leaves to see if they are pointed or lobed. "

Henry Paulson

Teacher

Trees

" In my experience, the most effective professionals in business and government have the ability to get things done. They're trained to work with multiple stakeholders, to understand how to identify a problem, devise solutions, to compromise and work well with others. "

" We must limit the perception that some institutions are either too big or too interconnected to fail. "

" I grew up with a strong set of values - and one was never judging someone by how much money they had. "

" I believe that the root cause of every financial crisis, the root cause, is flawed government policies. "

" The Chinese have done some extraordinary things in terms of the investments they've made in alternative sources of energy. "

" Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers. "