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

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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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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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

The study and knowledge of the universe would somehow be lame and defective were no practical results to follow. – Marcus Tullius Cicero

Category:
Knowledge

A civilization is a heritage of beliefs, customs, and knowledge slowly accumulated in the course of centuries, elements difficult at times to justify by logic, but justifying themselves as paths when they lead somewhere, since they open up for man his inner distance. – Antoine de Saint-Exupery

Category:
Knowledge

Principles are the important things; the more you have of them, the more knowledge you can carry. – Martin H. Fischer (1879–1962)

Category:
Knowledge

He who does not know one thing knows another – African Proverb

Category:
Knowledge

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Category:
History

Kinkades paintings are worthless schmaltz, and the lamestream media that love him are wrong. However, Id love to see a museum mount a small show of Kinkades work. I would like the art world and the wider world to argue about him in public, out in the open. – Jerry Saltz

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Parents should continue to become more involved with their communities, and more involved in their childrens education. – Sandra Day OConnor

Category:
Education

Ancestral Teacher Qiu said, “If the breathing is at all unsettled, life is not your own.” – “Heaven and Earth,” c. Ming dynasty work Anthology on the Cultivation of Realiza

Category:
Breathing