“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.”

Henry Paulson is an American economist and former U.S. Treasury Secretary. He is best known for his leadership during the 2008 financial crisis, guiding the implementation of the Troubled Asset Relief Program (TARP) to stabilize the financial system. His career spans Wall Street, government, and corporate boardrooms, marked by a focus on economic policy and crisis management.