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
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

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
Other Quotes from
Knowledge
category

Even scientific knowledge, if there is anything to it, is not a random observation of random objects for the critical objectivity of significant knowledge is attained as a practice only philosophically in inner action. – Karl Jaspers

Category:
Knowledge

G is Grace, the Flaming Star is the Torch of Reason. Those who possess this knowledge are indeed Illuminati. – Adam Weishaupt

Category:
Knowledge

Science fiction writers, I am sorry to say, really do not know anything. We cant talk about science, because our knowledge of it is limited and unofficial, and usually our fiction is dreadful. – Philip K. Dick

Category:
Knowledge

Knowledge which is divorced from justice, may be called cunning rather than wisdom. – Marcus Tullius Cicero

Category:
Knowledge

Random Quotes

Nobody roots for Goliath. – Wilt Chamberlain

Category:
Sports

Only solitary men know the full joys of friendship. Others have their family but to a solitary and an exile his friends are everything. – Warren G. Harding

Category:
Friendship

People discuss my art and pretend to understand as if it were necessary to understand, when its simply necessary to love. – Claude Monet

Category:
Art

A good marriage is one which allows for change and growth in the individuals and in the way they express their love. – Pearl S. Buck

Category:
Change