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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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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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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Other Quotes from
Money
category

Politics isnt about big money or power games its about the improvement of peoples lives. – Paul Wellstone

Category:
Money

As Americans, we realize that there is no taxpayer money that wasnt first earned through the sweat and toil of one of our citizens. – Rick Perry

Category:
Money

In my opinion MS is a lot better at making money than it is at making good operating systems. – Linus Torvalds

Category:
Money

If you make a living, if you earn your own money, youre free – however free one can be on this planet. – Theodore White

Category:
Money

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