American - Public | March 28, 1946 -
Foreclosure is to no one's benefit. I've heard estimates that mortgage investors lose 40 to 50 percent on their investment if it goes into foreclosure.
Henry Paulson
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If you've got a bazooka, and people know you've got it, you may not have to take it out.
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I never once considered that it was appropriate to put taxpayer money on the line in resolving Lehman Brothers.
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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.
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In China, export lobbies have fought for policies that favor their interests and limit foreign competition.
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China saves too much, produces too much, sells too much to Americans and consumes too little.
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Anticompetitive practices hurt Chinese private firms nearly as much as foreign ones.
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It is the policy of the federal government to use all resources at its disposal to make our financial system stronger.
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Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
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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.
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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.
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A Fed loan to Lehman Brothers would not have prevented a bankruptcy.
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