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

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
Read Quote

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
Read Quote

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
Read Quote
Other Quotes from
Knowledge
category

But now with the living conditions deteriorating, and with the sure knowledge that we are slated for destruction, we have been transformed into an implacable army of liberation. – George Jackson

Category:
Knowledge

Darrell is really good in the studio. I mean, he has a real working knowledge of how the process works, and what sounds good coming back over tape, and how the stuff works together. – Guy Clark

Category:
Knowledge

I think my dyslexia was a vital part of my development because my inability to read and write meant that I had to find knowledge elsewhere so I looked to the cinema. – Joe Wright

Category:
Knowledge

A serious problem in America is the gap between academe and the mass media, which is our culture. Professors of humanities, with all their leftist fantasies, have little direct knowledge of American life and no impact whatever on public policy. – Camille Paglia

Category:
Knowledge

Random Quotes

We term sleep a death by which we may be literally said to die daily; in fine, so like death, I dare not trust it without my prayers. – Sir Thomas Browne

Category:
Sleep

The best subjects are always people, who never fail to amaze me by their unpredictability. – Ronnie James Dio

Category:
best

Nevertheless, there is another threat on the horizon. I see this threat in environmentalism which is becoming a new dominant ideology, if not a religion. Its main weapon is raising the alarm and predicting the human life endangering climate change based on man-made global warming. – Vaclav Klaus

Category:
Religion

Fools are my theme, let satire be my song. – Lord (George Gordon) Byron

Category:
Cynicism