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

There is no arguing with the pretenders to a divine knowledge and to a divine mission. They are possessed with the sin of pride, they have yielded to the perennial temptation. – Walter Lippmann

Category:
Knowledge

As a species we are always hungry for new knowledge. – Chaim Potok

Category:
Knowledge

Id like to work with any actress from whom I can learn-one who has had many experiences with many directors and is willing to share some of her knowledge with me. – Fred Savage

Category:
Knowledge

Human relations are built on feeling, not on reason or knowledge. And feeling is not an exact science like all spiritual qualities, it has the vagueness of greatness about it. – Amelia Edith Huddleston Barr

Category:
Knowledge

Random Quotes

Half of the modern drugs could well be thrown out of the window, except that the birds might eat them. – Martin Henry Fischer

Category:
Science

The pressure on young chefs today is far greater than ever before in terms of social skills, marketing skills, cooking skills, personality and, more importantly, delivering on the plate. So you need to be strong. Physically fit. So my chefs get weighed every time they come into the kitchen. – Gordon Ramsay

Category:
Time

Men are different. When they are in love they may also have other girlfriends. – Zhang Ziyi

Category:
Men

As a former cop, I respect and appreciate those whove dedicated their lives to serving others as well as those who appreciate the rule of law and honor it. – Dave Reichert

Category:
respect