CNBC Press Releases

LIESMAN: SPEAKING OF MARKET DISCIPLINE, LEHMAN BROTHERS HAS BEEN APPARENTLY IN SOME TROUBLE,BUT IT'S ALSO BEEN OUT THERE RAISING CAPITAL.WHAT'S YOUR COMMENT ON WHAT'S HAPPENING RIGHT NOW?

PAULSON: WELL, I CAN'T COMMENT SPECIFICALLY ON ANY SPECIFIC INSTITUTION, BUT LET ME JUST SA THESE ARE TOUGH MARKETS.THIS IS A STRESSFUL PERIOD AND SO WHEN ASSETS ARE BEING REVALUED AND IT'S A TOUGH EARNINGS ENVIRONMENT YOU'RE GOING GO THROUGH PERIODS LIKE THAT, BUT WHAT I FOCUS IS WHAT I'VE BEEN SAYING FOR SOME TIME. INSTITUTIONS THAT THINK THEY NEED CAPITAL SHOULD GO OUT AND RAISE IT, AND I THINK IT IS A GREAT TESTAMENT TO THE CONFIDENCE THAT INVESTORS HAVE IN OUR FINANCIAL SYSTEM AND IN FINANCIAL INSTITUTIONS THAT CAPITAL CAN BE RAISED AND A LOT OF CAPITAL CAN BE RAISED DURING CHALLENGING PERIODS LIKE THE ONES WE'RE SEEING TODAY.

LIESMAN: I APOLOGIZE FOR NOT HAVING TIME FOR A VERY IMPORTANT TOPIC WHICH IS CLOSE TO YOUR HEART, BUT LET ME ASK YOU QUICKLY.THERE IS AN UPCOMING MEETING FROM LEADERS IN CHINA.WHAT DO YOU HOPE TO COME OUT OF THAT MEETING?

PAULSON: YOU'RE RIGHT.IT IS A VERY IMPORTANT MEETING AND WE'LL BE MEETING NEXT WEEK AND THERE WILL ABE NUMBER OF THINGS AND ONE OF THE BIG FOCUS IS YOU BROUGHT UP ENERGY AND ONE OF THE BIG FOCUS IS THE TEN-YEAR ENERGY FRAMEWORK AND WE'RE WORKING ON A PLAN, THE U.S. AND CHINA FOCUSED ON ENERGY SECURITYAND ENERGY EFFICIENCY AND ENVIRONMENTAL ISSUES.

LISESMAN: MR. SECRETARY, THANK YOU VERYMUCH FOR YOUR TIME TODAY.WE CAN CONTINUE THIS FOR ANOTHER HALF AN HOUR.GUYS, I'M SURE IT WILL BE INTERESTING AND WE'LL TALK TO THE SECRETARY AGAIN. BACK TO BILL AND SUE IN HQ.

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CNBC is the recognized world leader in business news, providing real-time financial market coverage and business information to more than 340 million homes worldwide, including more than 95 million households in the United States and Canada. The network's Business Day programming (weekdays from 5:00 a.m.-7:00 p.m. ET) is produced at CNBC's headquarters in Englewood Cliffs, N.J., and also includes reports from CNBC news bureaus worldwide. Additionally, CNBC viewers can manage their individual investment portfolios and gain additional in-depth information from on-air reports by accessing http://www.cnbc.com.

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