On the Brink Quotes

“As I have said repeatedly, we need more authority to deal with,”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“And there is no doubt in my mind that the lack of a regulator to identify and manage systemic risks contributed greatly to the problems we faced.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“These will only become more difficult to deal with as time goes by. The longer we wait, the greater will be the burden on the next generation.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Moving to a consumption tax would remove the bias against saving”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Regulators failed to police this mess until the housing bubble burst, triggering the financial crisis.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Inadequate liquidity cushions, I believe, were a bigger problem than inadequate capital levels.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“The system hasn’t kept pace with financial innovation and needs to be fixed so that we have the capacity and the authority to respond to constantly evolving global capital markets.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“The crisis has abated, but these imbalances persist and must be addressed.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Simply put, in the U.S. we save much less than we consume.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I would narrow down the many lessons into five crucial ones:”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“What was it like to live through the crisis?”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“The stakes are simply too high not to.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I learned that, unfortunately, it takes a crisis to get difficult and important things done.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“In recent years, regulation failed to keep pace with rapid innovations in the markets”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I came to Washington as an advocate of free markets, and I remain one.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“And I also believe we will get back a large part, if not all, of the TARP money that was put into AIG and the auto companies.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I am confident that we will get back all of the TARP money we put into the banks—with a profit!”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“The economic damage would have been far greater and longer lasting”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Had it not been for unprecedented interventions by the U.S. and other governments, many more financial institutions would have gone under.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Yet it could have been so much worse.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Even on the worst days, I took comfort from knowing that I was working with some of the sharpest and most creative minds in the country—men and women who had chosen public service over personal enrichment.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“who have been living through this long nightmare of home foreclosures, job losses, and tight credit since the onset of the financial crisis in 2007.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I don’t wake up mornings wishing that I were still Treasury secretary.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“Wendy had been a great source of strength for me, bucking me up through the long string of crises, but the lengthy workdays and nonstop stress had robbed us of any quality time together.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“shared the risk of losses with the FDIC and the Fed.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“called to say that Citi was not being given clear direction.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I told Ben I was leaning toward buying preferred stock.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“You should be grateful that people are being so supportive.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“I didn’t want to be thought of as poor Hank, the victim.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis

“But Sheila promised to keep working toward a deal, and I felt sure we would have her support in the end.”
― Henry M. Paulson Jr., On the Brink: Inside the Race to Stop the Collapse of the Global Financial System - With a Fresh Look Back Five Years After the 2008 Financial Crisis