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

While money doesnt buy love, it puts you in a great bargaining position. – Christopher Marlowe

Category:
Money

This will never be a civilized country until we spend more money for books than we do for chewing gum. – Elbert Hubbard

Category:
Money

People look at me, and they go, Youre white, youre smart, you must have went to college. You must have grown up with money. – Adam Carolla

Category:
Money

When I was young I thought that money was the most important thing in life; now that I am old I know that it is. – Oscar Wilde

Category:
Money

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The kind of pace that you want to use in a Western – just to acknowledge the land in the distance that everyone has to travel, and the way things develop sort of slowly – its almost the antithetical of whats currently going on in the movies, you know. – Lawrence Kasdan

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Law represents the effort of man to organize society governments, the efforts of selfishness to overthrow liberty. – Henry Ward Beecher

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