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Quotes by Public Servants
There's a great lack of financial literacy and understanding in this nation, even among college-educated people.
Henry Paulson
Great
People
Financial
Understanding
Nation
Lack
Literacy
Even
Among
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
Time
World
Competition
Believe
Markets
Would
Give
More
Opening
Like
Talk
Because
Encourage
Up
Quickly
Currency
Going
Move
Chinese
Them
Capital
Much
China needs a currency that reflects underlying economic fundamentals.
Henry Paulson
Needs
Economic
Underlying
Reflects
Currency
China
Fundamentals
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
Strength
Democracy
Rights
Commitment
World
Secular
Nation
Inclusive
Society
Enrich
Citizens
India
Religious
Lies
Pluralistic
Only
Economic
Freedoms
Equal
Also
Equal Rights
Committed
Vibrant
Whose
Lives
Largest
Growth
Speech
For decades, Indians have immigrated to the United States, joined our communities, and raised their families while maintaining their cultural heritage.
Henry Paulson
Heritage
Our
States
Indians
Joined
Maintaining
Cultural
Families
Decades
While
Communities
United
United States
Raised
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
Together
Sometimes
Will
Beneficial
Mutually
Economic
Economic Growth
Take
Individually
Steps
Supporting
Mostly
Effect
Sustaining
China
Growth
Need
I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.
Henry Paulson
Money
Taxpayer
Resolving
Appropriate
Once
Considered
Brothers
Never
Put
Line
Taxpayer Money
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
Market
Entered
More
Fact
Since
Imports
Quickly
Than
America
In Fact
China
Export
Exports
Grown
In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
Henry Paulson
Competition
Favor
Policies
Limit
Foreign
China
Interests
Export
Fought
Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
Henry Paulson
Hurt
Practices
Foreign
Private
Chinese
Much
Nearly
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
Henry Paulson
Architecture
Financial
Our
Restructuring
Never
Failing
Institution
Overriding
Goal
Again
Taxpayers
Should
Save
A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
Henry Paulson
Loan
Would
Brothers
Fed
Bankruptcy
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
Work
Buy
Good
Home
Strength
Technology
People
Car
College
Pay
Benefit
Our
Innovators
Markets
Jobs
Financing
Seeking
Borrowing
Throughout
Investments
Idea
New
Economy
New Jobs
Families
American
Create
Product
Businesses
Good Idea
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
Day
Business
Important
Settle
Settlement
Market
Typical
Valued
Systems
Critically
Trillion
Over
Overall
Stability
Transactions
Payment
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
Taxpayer
Pay
Profit
Someone
Risk
Takes
Come
Like
Make
Losses
American
Going
Where
If the financial system collapses, it's really, really hard to put it back together again.
Henry Paulson
Together
Financial
Back
System
Financial System
Put
Again
Really
Hard
When the economy is growing, there's a lot that can be done to deal with the deficit.
Henry Paulson
Deficit
Economy
Deal
Lot
Done
Growing
An open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention.
Henry Paulson
Financial
Better
Prosperity
Intervention
Market
Resources
Scarce
Allocate
Open
Effectively
Than
Stability
Far
Manner
Competitive
As a Christian Scientist, I don't go to doctors and get diagnoses.
Henry Paulson
Doctors
Christian
Scientist
Go
Get
I have relied on prayer for health care all of my life.
Henry Paulson
Life
Health
Prayer
Care
My Life
Health Care
From the beginning of time, we've had financial crises. People always blame the banks and for good reason. When you look for the root causes, they're almost always failed government policies.
Henry Paulson
Government
Time
Good
You
Blame
People
Financial
Beginning
Financial Crises
Crises
Good Reason
Had
Almost
Failed
Look
Policies
Always
Causes
Government Policies
Banks
Root
Reason
Buying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
Henry Paulson
Today
Home
Obligation
Diligence
Way
Complex
Excuses
Due
Process
Buyers
Buying
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
Failure
Financial
Discipline
Market
System
Financial System
Must
Would
Threaten
Constrain
Risk
Allowed
Fail
Overall
Institutions
Effectively
Optimal
Regulatory
I have always tried to live by the philosophy that when there is a big problem that needs fixing, you should run towards it, rather than away from it.
Henry Paulson
Needs
You
Problem
Big
Live
Philosophy
Run
Tried
Rather
Towards
Always
Than
Fixing
Big Problem
To Live By
Should
Away
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
Heart
Strong
Remember
Long
Parents
Took
Wilderness
Though
Trips
Park
Could
Ontario
Never
Had
Content
Fish
Fishing
Provincial
Camping
Canada
Where
Canoe
Interest
Us
Even
From the time the kids were in upper grade school and middle school, we took trips over the Christmas break to nature-focused places, such as the Okefenokee Swamp and Cumberland Island in Georgia; Costa Rica; Maho Bay campground in St. John, Virgin Islands; the llanos of Venezuela; the southern coast and highlands of Belize.
Henry Paulson
Christmas
Time
School
Took
Kids
Bay
John
Trips
Costa Rica
Over
Venezuela
Island
Islands
Were
Georgia
Southern
Grade
Grade School
Upper
Middle
Break
Middle School
Swamp
Places
Coast
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