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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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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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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Other Quotes from
Knowledge
category

In your thirst for knowledge, be sure not to drown in all the information. – Anthony J. DAngelo

Category:
Knowledge

The benefit of the radio is, something beyond your realm of knowledge can surprise you, can enter your realm of knowledge. – Esperanza Spalding

Category:
Knowledge

Scientists have become the bearers of the torch of discovery in our quest for knowledge. – Stephen Hawking

Category:
Knowledge

Im not a professional I lack even basic knowledge about writing music. – Ayumi Hamasaki

Category:
Knowledge

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