“No matter how the financial system is set up, no matter what the economic system is, as long as you have people, you're going to have financial crises; you're going to have bubbles that manifest themselves in the financial system.”

Henry Merritt “Hank” Paulson Jr. is an American investment banker and financier. He served as the 74th United States secretary of the treasury from 2006 to 2009, after leading Goldman Sachs as chairman and chief executive officer. Before entering government, Paulson built his career in high finance at Goldman Sachs, where he held the firm’s top leadership roles. He is known for his work in investment banking and for his time at the Treasury Department.