Henry Paulson Quotes

Less money for retirees means less purchasing power means less economic growth overall. It's a big problem.

People don't buy records anymore. I don't know how people can support themselves.

Financial institutions are not being bailed out as a favor to them or their stockholders. In fact, stockholders have come out worse off after some bailouts. The real point is to avoid a major contraction of credit that could cause major downturns in output and employment, ruining millions of people, far beyond the financial institutions involved. If it was just a question of the financial institutions themselves, they could be left to sink or swim. But it is not.

Social security has enabled people to retire with dignity and overwhelmingly not be in poverty. We have to keep it solvent.

When this crisis began, crucial decisions about what would happen to some of the world's biggest companies - companies employing tens of thousands of people and holding trillions of dollars in assets - took place in hurried discussions in the middle of the night. We should not be forced to choose between allowing a company to fall into a rapid and chaotic dissolution or forcing taxpayers to foot the bill.

When oil goes over $40 a barrel it's almost impossible for America to do well.

Well, as you know, we're working through a difficult period in our financial markets right now, as we work off some of the past excesses. But the American people can remain confident in the soundness and the resilience of our financial system.

I don't think Spain will need any kind of external support.

Overnight business could go down enough to hurt; yet as a rule it slowly recovered-sometimes it seemed to take forever-went up, not high enough to be really up, only not down.

We have very stable, solid economy; we are going through challenging times.

We must support government coercion over enforcing international protocols and speed limits on motorways if we want the global economy not to collapse and millions, billions of people to die.

Education is a very empowering experience, so many people who went to school also managed to improve their quality of life much faster because they could get a job, they could get money. Once people see that you improve your life if you are educated, then education becomes a valuable tool and people want it.

If Wall Street crashes, does Main Street follow? Not necessarily.

Ebola is not just a health crisis. Across West Africa, a generation of young people risks being lost to an economic catastrophe.

Wealth is not a hindrance, but rather a help towards attaining a proper standing in a chosen field of activity. I confess that as far as I am concerned, it has done me some service as it preserved my character from many a crookedness poverty might have exposed it to.

It is most attractive about the US to people and countries with wealth is that it can provide security, insurance really, against political instability. Nobody is afraid that the money they place in the US is at risk of expropriation or of in some other way being taken away. For this safety, the wealth holders of the world are willing to accept a lower rate of return.

The middle class is both real and aspirational. And I want to make sure that it remains strong and it gives people a sense of security and confidence and optimism about their futures.

I just want to say that the only thing less popular than putting money into banks is putting money into the auto industry.

Sometimes our strengths are also our weaknesses. Sometimes to be strong you have to first be weak. You have to share your burdens; you have to lean on other people while you face your problems and yourself.

Our country's economy is strong, diversified, and resilient.

In China, it was always said that a double-digit rate of growth would be dangerous. Now, the country has a growth rate of 6.9 percent and suddenly that is supposed to be a catastrophe for the global economy.

Who voted for Trump? Who are these people who, as he famously said, would let him shoot someone on Fifth Avenue and still support him? It's people who want too strong a leader, who would do what that leader tells them. Similar to the Europeans following Mussolini and Hitler. There's a streak in humanity that likes that kind of leader. That's Trump's core. Authoritarianism.

One of the very difficult parts of the decision I made on the financial crisis was to use hardworking people's money to help prevent there to be a crisis.

We believe in a strong dollar. Chinese financial assets are very safe.

The United States cannot continue to lose vast amounts of business, vast amounts of companies, and millions and millions of people losing their jobs.