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" 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. "

Henry Paulson

You

Credit

Numbers

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" When the economy is growing, there's a lot that can be done to deal with the deficit. "

" I never cared about money. When I was at school, I never wanted a car. I was focused on sports, studies, camping, being outdoors. "

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

" 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. "

" 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

" Moral hazard is something I don't take lightly. "

" If you've got a bazooka, and people know you've got it, you may not have to take it out. "

" Until we stem the housing correction, until the biggest part of that is behind us and we have more stability in housing prices, we're going to continue to have turmoil in the financial markets. "

Henry Paulson

Behind

Going

" 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. "

" 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. "

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

" 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. "

" What I've said repeatedly is, 'I think the auto industry is a very important industry.' "

" 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. "

" I want to remind you of one thing, which is, when I look around the world and look at the long-term economic fundamentals we have in this country, I think they compare favorably with what I see in any major developed country in the world. "

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

" I was secretary of the Treasury in 2008. In that role, I had the privilege to work with many talented men and women in government and the private sector who labored to pull our nation back from the brink of disaster. "

" I know the automakers are important to the United States. We care about the automobile industry. "

" 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. "

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

" Complexity and interconnectedness matter as much as size in assessing risk in banking. "

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

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

Henry Paulson

Growing

Policy

" 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. "

" 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. "

" I prefer to work at the policy level, on trying to fix flawed government policies. "

" 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. "

" We've had crooks from the beginning of time... it's always very interesting and troubling why good people do bad things. "

" I look forward to the day when China has a truly market-determined solution... To get there, you need to have a currency that is market-determined, an open capital market, and you are going to need a competitive, open financial system. "

" 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. "