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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

A great many things which in times of lesser knowledge we imagined to be superstitious or useless, prove today on examination to have been of immense value to mankind. – Lafcadio Hearn

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Sin, guilt, neurosis they are one and the same, the fruit of the tree of knowledge. – Henry Miller

Category:
Knowledge

Throughout the past, there has been a lack of intimacy, affection, and regard for Islam by Christianity. This, to a large extent, has been due to a lack of knowledge of the great human and spiritual ideals for which Islam and the teachings of Islam stand. – Aly Khan

Category:
Knowledge

Very few beings really seek knowledge in this world. Mortal or immortal, few really ASK. On the contrary, they try to wring from the unknown the answers they have already shaped in their own minds. – Anne Rice

Category:
Knowledge

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