Quotes by Henry Paulson

“I think the danger is to just look through that lens, to lose a sense of perspective and rush toward harsh regulations that are unnecessary. Some regulation will be necessary, some changes in accounting rules.”

“I think all of us know that what we went through in the last half of the Nineties is not sustainable. Were going to need to adjust ourselves to a period of more normal growth. How we think about managing our businesses in that environment is the tricky question were all grappling with.”

“Weakness in the capital markets, compounded by an erosion of corporate and investor confidence, has depressed activity in a number of our most important businesses, ... While we have seen some encouraging economic data of late, the current environment remains very challenging.”

“The best time for transition is during a period of great strength, ... We believe these appointments and the evolution of the governance of the firm will strengthen our management focus and keep the firm on a solid foundation to serve our clients, develop our people, and execute our strategy.”

“We are taking this step to secure permanent capital to grow; to share ownership broadly among our employees now and through future compensation; and to permit us to use publicly traded securities to finance strategic acquisitions that we may elect to make in the future.”

“This acquisition highlights Goldman Sachs strategy of expanding our electronic market-making capabilities,”

“During the third quarter, we saw increasing activity levels across all of our major businesses and believe overall market conditions support a generally optimistic outlook.”

“We are very confident about the long-term outlook for our business, but believe that the immediate impact will be a further weakening in the operating environment and a delay in the economic recovery, ... However, given increased fiscal and monetary stimulus, we anticipate that long-term economic recovery should be more certain and vigorous than previously expected.”

“We dont have a lot more time to deal with climate change, ... We need the right balance between regulation and market-based approaches.”

“Today we affirm our commitment to lower Manhattan and the City of the New York, the financial capital of the world,”

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.

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 worlds largest democracy; it is also a secular, pluralistic society committed to inclusive growth.

I think all governments engage in intelligence gathering vis-a-vis other governments.

Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.

Economic growth and environmental protection are not at odds. Theyre opposite sides of the same coin if youre looking at longer-term prosperity.

Every global concern - economic, environmental or security-related - can be addressed more effectively when the U.S. and China work together.

In just about every area of society, theres nothing more important than ethics.