“Until we stem the housing correction, until the biggest part of that is behind us and we have more stability in housing prices, we're going to continue to have turmoil in the financial markets.”

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.