Quote by Timothy Geithner
There is a basic lesson on financial crises that governments tend

There is a basic lesson on financial crises that governments tend to wait too long, underestimate the risks, want to do too little. And it ultimately gets away from them, and they end up spending more money, causing much more damage to the economy. – Timothy Geithner

Other quotes by Timothy Geithner

Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, its better to prepare for war or instability. – Timothy Geithner

Category:
Peace
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This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk. – Timothy Geithner

Category:
Knowledge
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I personally believe that theres going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think theres going to be a good case for that. – Timothy Geithner

Category:
finance
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Other Quotes from
Money
category

Some artists are working to buy the mansion or whatever the element of fame must bear, but I spend all my money on my show. – Lady Gaga

Category:
Money

New York City is a great monument to the power of money and greed… a race for rent. – Frank Lloyd Wright

Category:
Money

We may see the small value God has for riches, by the people he gives them to. – Alexander Pope, Thoughts on Various Subjects, 1727

Category:
Money

A real gentleman, even if he loses everything he owns, must show no emotion. Money must be so far beneath a gentleman that it is hardly worth troubling about. – Fyodor Dostoevsky

Category:
Money

Random Quotes

Never deprive someone of hope — it may be all they have. – Author Unknown

Category:
Hope

If by gaining knowledge we destroy our health, we labour for a thing that will be useless in our hands. – John Locke

Category:
Health

I question myself every day. Thats what I still find motivating about this. I dont have the answers, I dont pretend that I do just because I won the match. Just keep fighting and maybe something good happens. – Andre Agassi

Category:
good

A work of art is above all an adventure of the mind. – Eugene Ionesco

Category:
Art