“ In just about every area of society, there's nothing more important than ethics. ”
For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.
~ Henry Paulson
India is a vibrant nation whose strength lies in its commitment to equal rights and to speech, religious and economic freedoms that enrich the lives of all citizens. India is not only the world's largest democracy; it is also a secular, pluralistic society committed to inclusive growth.
I think all governments engage in intelligence gathering vis-a-vis other governments.
Our overriding goal in restructuring our financial architecture should be that taxpayers never again have to save a failing financial institution.
