Get QuoteDark Inspirational Quotes App

" 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. "

Related Quotes:

" 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. "

Henry Paulson

Wise

Think

Growth

" There is big resistance from vested interests in China that don't want to open up to competition. "

" When you have a big, ugly problem, there's never going to be a neat, elegant solution that is totally painless or without a cost. "

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

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

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

" 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. "

" 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. "

" 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

" I can't help but think what would have happened if a divisive character such as Trump were president during the 2008 financial crisis, at a time when leadership, compromise, and careful analysis were critical. "

" 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. "

" When companies fail, shareholders bear the losses. It's just the way our system is supposed to work. "

" I'm a straightforward person. I like to be direct with people. "

Henry Paulson

People

Person

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

" 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. "

" Sovereign wealth fund money should be welcomed. The only way not to welcome that money is when it's politically driven. "

" 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. "

" 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. "

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

" China needs a currency that reflects underlying economic fundamentals. "

" 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. "

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

" 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

" I'm telling you that there is no silver bullet to keep home prices from going down or to prevent all foreclosures. "

" 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. "

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

" I've long believed the environmental issue is an economic issue and a political issue. The three are entwined. You can't build prosperity on any basis other than a long-term basis, and you can't do that if you don't have a healthy environment. "

" 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. "

Henry Paulson

Change

Facts

" Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones. "

" 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. "