Timeline of Henry Paulson Quotes

Feel free to add to this. 

April 20, 2007 — “I don’t see (subprime mortgage market troubles) imposing a serious problem. I think it’s going to be largely contained.”

July 26, 2007 — “I don't think it [the subprime mess] poses any threat to the overall economy.”

November 29, 2007 — “While the difficulties in housing and credit markets and the effects of high energy prices will extract a penalty from growth, the US economy has many strengths, and I expect the expansion to continue,”

December 7, 2007 - “The US banking system is well-capitalized and ‘we have a strong deposit insurance system that provides good coverage for the savings of hard-working Americans.’”

March 16, 2008 — “I have great, great confidence in our capital markets and in our financial institutions. Our financial institutions, banks and investment banks, are strong. Our capital markets are resilient. They’re efficient. They’re flexible.”

May 16, 2008 — “Looking forward, I expect that financial markets will be driven less by the recent turmoil and more by broader economic conditions and, specifically, by the recovery of the housing sector.”

July 20, 2008 — “It’s a safe banking system, a sound banking system. Our regulators are on top of it. This is a very manageable situation.”

September 19, 2008 — “I am convinced that this bold approach will cost American families far less than the alternative — a continuing series of financial institution failures and frozen credit markets unable to fund economic expansion,.”

November 12, 2008 — “This market has for all practical purposes ground to a halt. Today, the illiquidity in this sector is raising the cost and reducing the availability of car loans, student loans and credit cards. This is creating a heavy burden on the American people and reducing the number of jobs in our economy.”

November 12, 2008 — “I will never apologize for changing a strategy or an approach if the facts change,”

November 14, 2008 — “We have in many ways humiliated ourselves as a nation with some of the problems that have taken place here,”

November 14, 2008 — “I'm not saying we're going to need more," he said. "Let's get this program done. Let's get the $250 billion out the door, let's see how it's working ... and it's highly likely the right thing to do will be at some time in the not too distant future to have another capital program,”

The only quote I want to hear is "I resign effective immediately."

Don't you want him to wait until he saves the financial crisis, which he is surely getting closer to?

MisterVA:

The only quote I want to hear is "I resign effective immediately."

Justin Alexander:

Don't you want him to wait until he saves the financial crisis, which he is surely getting closer to?

 

He couldn't save par if he was two inches from the cup.

At least he finally is acknowledging that there is a problem.  lol  That is the first step...

what are the next 11 of this 12 step program??

I resign my post effective immediately would be a good #2!!!

Jill Statz:

what are the next 11 of this 12 step program??

 

I resign my post effective immediately would be a good #2!!!

He's already full of #2.

MisterVA:

He's already full of #2.

You got that right...lol