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Quote by Timothy Geithner
This crisis exposed very significant problems in the financial sys

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

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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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

Category:
Money
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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Other Quotes from
Knowledge
category

I think knowing what you cannot do is more important than knowing what you can. – Lucille Ball

Category:
Knowledge

I and my colleagues here have been engaged in the pursuit of knowledge. – Frederick Sanger

Category:
Knowledge

Now will I rehearse before you a very ancient Breton Lay. As the tale was told to me, so, in turn, will I tell it over again, to the best of my art and knowledge. Hearken now to my story, its why and its reason. – Marie de France

Category:
Knowledge

You go to college not only for the latest knowledge but also to meet people from different backgrounds. Thats the genius of the American higher-education system compared with the Europeans. We dont simply skim the elite. – Donna Shalala

Category:
Knowledge

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