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

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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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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Other Quotes from
Money
category

The inequalities are greater now than in 92. Some states have equalized per-pupil spending but they set the equal level very low, so that wealthy districts simply raise extra money privately. – Jonathan Kozol

Category:
Money

Nothing is so strongly fortified that it cannot be taken by money. – Marcus Tullius Cicero

Category:
Money

Youre right on the money with that. Were all like detectives in life. Theres something at the end of the trail that were all looking for. – David Lynch

Category:
Money

A fool and his money are lucky enough to get together in the first place. – Stanley Weiser

Category:
Money

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If any man seeks for greatness, let him forget greatness and ask for truth, and he will find both. – Horace Mann

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But every time our ability to access information and to communicate it to others is improved, in some sense we have achieved an increase over natural intelligence. – Vernor Vinge

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I think my sense of humor is Jewish. Im smarter than most white people, which is kind of a Jewish thing, too. – Jim Goad

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