One of the things I enjoy the most is fishing.
Henry Paulson
I believe that the root cause of every financial crisis, the root cause, is flawed government policies.
Henry Paulson
I’m a straightforward person. I like to be direct with people.
Henry Paulson
In just about every area of society, there’s nothing more important than ethics.
Henry Paulson
As we work to promote greater economic opportunity for the American people, we must always remember that the American economy is deeply integrated with the global economy. That brings challenges but even greater opportunities.
Henry Paulson
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.
Henry Paulson
Predators, they’re the best coal miners’ canary. When they’re gone, you’ve got a sick ecosystem.
Henry Paulson
India is a vibrant nation whose strength lies in its commitment to equal rights and to speech, religious and economic freedoms that enrich the lives of all citizens. India is not only the world’s largest democracy; it is also a secular, pluralistic society committed to inclusive growth.
Henry Paulson
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America’s fastest-growing export market.
Henry Paulson
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.
Henry Paulson
I am suspicious of career engineers, people that plan it out every step of the way.
Henry Paulson
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.
Henry Paulson
My focus is on the financial sector, on getting credit going, getting lending flowing. I can’t imagine anything that would have a bigger stimulative impact.
Henry Paulson
I’ve got to say our banking system is a safe and a sound one. And since the days when we’ve had federal deposit insurance in place, we haven’t had a depositor who’s got less than $100,000 in an account lose a penny. So the American people can be very, very confident about their accounts in our banking system.
Henry Paulson
We’ve had crooks from the beginning of time… it’s always very interesting and troubling why good people do bad things.
Henry Paulson
As Americans, we shouldn’t like bailouts. Where I come from, if someone takes a risk and they’re going to make the profit from that risk, they shouldn’t have the taxpayer pay for the losses.
Henry Paulson
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.
Henry Paulson
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.
Henry Paulson
As long as I can remember, I had a strong interest in fishing, and my parents, even though they had never fished or camped, took us on canoe camping trips in the wilderness of Quetico Provincial Park in Ontario, Canada, where I could fish to my heart’s content.
Henry Paulson
I will never apologize for changing the approach or strategy when the facts change.
Henry Paulson
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.
Henry Paulson
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.
Henry Paulson
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
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.
Henry Paulson
I grew up on a farm – I know the smell of horse manure. It does smell better than pig manure.
Henry Paulson
Indian-Americans are physicians, engineers, CEOs, professors, teachers, entrepreneurs. They are a vital part of the United States’ economic and social fabric. Because of this long history, the bonds among our people and our cultures will remain strong.
Henry Paulson
Regulation needs to catch up with innovation.
Henry Paulson
My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.
Henry Paulson
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.
Henry Paulson
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
I hope to help the Indian government advance their economic reform agenda, which will benefit India’s citizens and the world.
Henry Paulson
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.
Henry Paulson
China needs a currency that reflects underlying economic fundamentals.
Henry Paulson
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
I never cared about money. When I was at school, I never wanted a car. I was focused on sports, studies, camping, being outdoors.
Henry Paulson
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.
Henry Paulson
Moral hazard is something I don’t take lightly.
Henry Paulson
The Chinese have done some extraordinary things in terms of the investments they’ve made in alternative sources of energy.
Henry Paulson
I think all governments engage in intelligence gathering vis-a-vis other governments.
Henry Paulson
What I’ve said repeatedly is, ‘I think the auto industry is a very important industry.’
Henry Paulson
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
I always told people in the private sector, ‘You can be the smartest person in the world, you can have the very best ideas, but if you can’t sell them and you can’t get other people to work with you, you’re not going to succeed.’
Henry Paulson
As I talk with the Chinese on currency, I encourage them to move much more quickly with opening up their capital markets to competition, because I don’t believe the world is going to give them as much time as they would like.
Henry Paulson
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.
Henry Paulson
Illiquid asset purchases are all about capital and encouraging private capital to come in.
Henry Paulson
India is one of the world’s largest and most peaceful states with advanced nuclear technologies and has been isolated from the rest of the world on nuclear issues.
Henry Paulson
For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.
Henry Paulson
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.
Henry Paulson
Non-bank financial institutions provide credit that is essential to U.S. businesses and consumers.
Henry Paulson
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.
Henry Paulson
Too often, we restrict trade that would create U.S. jobs and is in our national interest.
Henry Paulson
Every global concern – economic, environmental or security-related – can be addressed more effectively when the U.S. and China work together.
Henry Paulson