China and the U.S. are the two largest importers of oil. They are the two largest emitters of carbon.
Henry PaulsonChina saves too much, produces too much, sells too much to Americans and consumes too little.
Henry PaulsonBuying a home today is a complex process, but that in no way excuses home buyers from their obligation for due diligence.
Henry PaulsonThere are two issues that people sometimes confuse, but they're very closely related. There is the strength and the stability of the American financial system. And it's very important that that system remain stable and remain strong and lending is very important to consumers. Secondly, the economy. And what has gone on in financial system is impacting the economy. And as the economy is turning down, it is very important that lending continue to be available and be available to consumers. So what we're doing with this facility is to support - is to support consumer lending.
Henry Paulson