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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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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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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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Other Quotes from
Knowledge
category

The degree of ones emotions varies inversely with ones knowledge of the facts. – Bertrand Russell

Category:
Knowledge

It is common knowledge that smoking is considered one of the nations leading causes of preventable death, but its less widely known that cigarettes are also the leading cause of fatal fires. – Ed Markey

Category:
Knowledge

This life that has been given to us as a gift, as such a precious gift. To really try to understand it, really try to recognize it, is the greatest meditation. Through the media of this Knowledge we can tap into our inner sources that are so beautiful. – Prem Rawat

Category:
Knowledge

Knowledge of what is does not open the door directly to what should be. – Albert Einstein

Category:
Knowledge

Random Quotes

Replace fear with gratitude, and the whole world changes. – Terri Guillemets, “A renewed outlook,” 2007

Category:
Gratitude

A reform is a correction of abuses a revolution is a transfer of power. – Edward G. Bulwer-Lytton

Category:
power

We try to achieve beauty by covering up all traces of age and end up looking like we tried to achieve youth by covering up all traces of beauty. – Robert Brault, rbrault.blogspot.com

Category:
Age

And I think women have come a very, very long way, but they have a long way to go. – Lara Flynn Boyle

Category:
Women