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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

Science investigates religion interprets. Science gives man knowledge which is power religion gives man wisdom which is control. – Martin Luther King, Jr.

Category:
Knowledge

As this body of knowledge has evolved, a much more critical job for researchers and scientists has evolved into explaining and educating policy makers and the public to the risks of global warming and the possible consequences of action or of no action. – John Olver

Category:
Knowledge

The general knowledge of time on the island depends, curiously enough, on the direction of the wind. – John Millington Synge

Category:
Knowledge

Anything that gives us new knowledge gives us an opportunity to be more rational. – Herbert Simon

Category:
Knowledge

Random Quotes

Difficulties were opportunities inside out, she assured herself… – Gwen Davis, Marriage, 1981

Category:
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Information is the currency of democracy. – Thomas Jefferson

Category:
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But in fact if you look at film as a metaphor, only through the negative can you have the positive print. What Im trying to get to is the positive value of negation. – Godfrey Reggio

Category:
positive

An audience is always warming but it must never be necessary to your work. – Gertrude Stein

Category:
work