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Paulson was known to have persuaded President George W. In spring 2007, Paulson warned an audience at the Shanghai Futures Exchange that China needed to free up capital markets to avoid losing potential economic growth, saying: "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." In September 2008, in light of the economic crisis experienced by the U. in the interim, Chinese leaders evidenced hesitation to follow Paulson's advice.In April 2007, he delivered an upbeat assessment of the economy, saying growth was healthy and the housing market was nearing a turnaround. economy is "very healthy" and "robust," Paulson said."I do believe that the worst is likely to be behind us," Paulson told the newspaper in an interview.



Paulson was born in Palm Beach, Florida, the son of Marianne (née Gallauer) and Henry Merritt Paulson, a wholesale jeweler.He met his wife, Wendy Judge, a Wellesley College graduate, during his senior year.The couple has two adult children, sports-team owner Henry Merritt Paulson III, more commonly known as Merritt Paulson, and journalist Amanda Paulson. They maintain homes in both Chicago and Barrington Hills (a suburb of Chicago). President Richard Nixon, serving as assistant to John Ehrlichman from 1972 to 1973.According to the book Too Big To Fail, Paulson, Bernanke, New York Federal Reserve Chairman Timothy Geithner, and FDIC Chairman Sheila Bair attended the meeting on October 13, 2008, at which this plan was presented to the CEOs of nine major banks.

Time named Paulson as a runner-up for its 2008 Person of the Year, saying, with reference to the global financial crisis, "if there is a face to this financial debacle, it is now his..." before concluding that "given the …

"All the signs I look at" show "the housing market is at or near the bottom," Paulson said in a speech to a business group in New York. On March 26, 2008, Secretary Paulson said in remarks at the U. Chamber of Commerce, “As we work our way through this turbulence, our highest priority is limiting its impact on the real economy.


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