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
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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
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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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Other Quotes from
Knowledge
category

I think its a mistake to treat different realms of knowledge as if they are some how fundamentally the same. – Jimmy Wales

Category:
Knowledge

The existence of inherent limits of experience in no way settles the question about the subordination of facts of the human world to our knowledge of matter. – Wilhelm Dilthey

Category:
Knowledge

The properties which differentiate living matter from any kind of inorganic imitation may be instinctively felt, but can hardly be formulated without expert knowledge. – Oliver Joseph Lodge

Category:
Knowledge

Each department of knowledge passes through three stages. The theoretic stage the theological stage and the metaphysical or abstract stage. – Auguste Comte

Category:
Knowledge

Random Quotes

Dont fear the terrorists. Theyre mothers and fathers. – Rosie ODonnell

Category:
Fear

We must think differently, look at things in a different way. Peace requires a world of new concepts, new definitions. – Yitzhak Rabin

Category:
Peace

Highly educated young people are tutored, taught and monitored in all aspects of their lives, except the most important, which is character building. When it comes to this, most universities leave them alone. – David Brooks

Category:
alone

We don’t need to increase our goods nearly as much as we need to scale down our wants. Not wanting something is as good as possessing it. – Donald Horban

Category:
Simplicity