A state-based regulatory system is quite burdensome. It allows price controls to create market distortions. It can hinder development of national products and can directly impact the competitiveness of U.S. insurers.
From Henry Paulson
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.
If the financial system collapses, it's really, really hard to put it back together again.
When the economy is growing, there's a lot that can be done to deal with the deficit.
We've had crooks from the beginning of time... it's always very interesting and troubling why good people do bad things.
In the past, if a homeowner with a mortgage had a problem making the payment, often he'd get together with a lender and strike a deal, because foreclosures are very expensive to the lender and obviously not good for the homeowner and the community.
I've always said, 'I don't want to be irrelevant.'
I've never been antiregulation. I've always believed that raw, unregulated capitalism doesn't work.
I didn't get the charm gene.
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.
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