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

What we get from this adventure is just sheer joy. And joy is, after all, the end of life. We do not live to eat and make money. – George Leigh Mallory

Category:
Money

Financially, Ive lost money and made money, but I know my way around financially. – Jack Nicholson

Category:
Money

Money is like a sixth sense without which you cannot make a complete use of the other five. – W. Somerset Maugham

Category:
Money

Men make counterfeit money in many more cases, money makes counterfeit men. – Sydney J. Harris

Category:
Money

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