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 More Quotes by Henry Paulson More Quotes From Henry Paulson China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon. Henry Paulson china oil two There are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending. Henry Paulson support strong people A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles. Henry Paulson impact agency running 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. Henry Paulson ugly cost problem I think all governments engage in intelligence gathering vis-a-vis other governments. Henry Paulson intelligence-gathering government thinking I'm a straightforward person. I like to be direct with people. Henry Paulson straightforward persons people In China, export lobbies have fought for policies that favor their interests and limit foreign competition. Henry Paulson competition favors limits It is the policy of the federal government to use all resources at its disposal to make our financial system stronger. Henry Paulson stronger government use One of the most constant aspects of American life is change - and nowhere is it more evident than in our financial markets. Henry Paulson aspect financial life-is I didn't get the charm gene. Henry Paulson genes charm Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence. Henry Paulson due-diligence home today What I've said repeatedly is, 'I think the auto industry is a very important industry.' Henry Paulson important said thinking I've always said, 'I don't want to be irrelevant.' Henry Paulson irrelevant want said In terms of the overall economy, we've got challenges and the big focus has got to be on recovery, on repair, and that's going to take a while. Henry Paulson recovery focus challenges The first priority is to make sure we have capital to continue to have capital available to put into the financial system. That's the first priority. Henry Paulson priorities financial firsts I don't think a bankruptcy is a good thing. Henry Paulson bankruptcy good-things thinking There's a lot of things we could do better. Henry Paulson The U.S. didn't save enough; we borrowed a lot. There were structural imbalances in Asia with exporters, with oil exporters for a whole variety of things. Henry Paulson imbalance asia oil There are some things that you can work on immediately. Henry Paulson One of the things I enjoy the most is fishing. Henry Paulson enjoy fishing
