There are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending.
There are some things that you can work on immediately. - Henry Paulson
There are some things that you can work on immediately.
- Henry Paulson
There is no way to stabilize the markets other than through government intervention. - Henry Paulson
There is no way to stabilize the markets other than through government intervention.
I've always said, 'I don't want to be irrelevant.' - Henry Paulson
I've always said, 'I don't want to be irrelevant.'
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution. - Henry Paulson
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
There's always light at the end of the tunnel, right? It just depends on how long the tunnel is. - Henry Paulson
There's always light at the end of the tunnel, right? It just depends on how long the tunnel is.
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation. - Henry Paulson
It's a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.
In just about every area of society, there's nothing more important than ethics. - Henry Paulson
In just about every area of society, there's nothing more important than ethics.
Regulation needs to catch up with innovation. - Henry Paulson
Regulation needs to catch up with innovation.
There's a lot of things we could do better. - Henry Paulson
There's a lot of things we could do better.
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