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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

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
Author
Timothy Geithner
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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
Author
Timothy Geithner
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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
Author
Timothy Geithner
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Money is human happiness in the abstract; and so the man who is no longer capable of enjoying such happiness in the concrete, sets his whole heart on money. – Arthur Schopenhauer, Parerga and Paralipomena, 1851

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We have profoundly forgotten everywhere that Cash-payment is not the sole relation of human beings. – Thomas Carlyle, Past and Present

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If youre not staying on top of your money, you are putting your financial well-being at risk. – Suze Orman

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