Timothy Geithner Quotes

Timothy Geithner
Timothy Geithner
American Public Servant
Born: Aug 18, 1961
Financial Government People Think Will World
Related authors: Andrew Yang Ben Bernanke Betsy DeVos Clara Barton Elizabeth Warren Hope Hicks Jerome Powell Jim Mattis
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, it's better to prepare for war or instability. Timothy Geithner
War You Peace Better Judgment Think Crises Some More Area Instability Wiser Likely Make Deal Least Contrary Stability Want Them Prepare Preparing
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
Risks Money Financial Wait Long Lesson Too Spending Financial Crises Crises More Tend Economy Underestimate Causing Ultimately Governments End Up Gets Want Little Them Much Away Basic Damage
Monetary policy itself cannot sensibly be directed at reducing imbalances. Timothy Geithner
Directed Policy Reducing Itself Cannot Sensibly Monetary Monetary Policy
As financial markets continue to broaden and deepen, the behavior of asset prices will play an important role in the formulation of monetary policy going forward, perhaps a more important role than in the past. Timothy Geithner
Financial Behavior Will Important Past Broaden Markets Financial Markets More Prices Perhaps Policy Important Role Continue Than Role Going In The Past Formulation Forward Deepen Asset Monetary Play Monetary Policy
The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about educational quality and achievement, high and rising income inequality, the large imbalances between our social insurance commitments and resources - are not about monetary policy. Timothy Geithner
Today Achievement Challenges Quality Nation Savings Our Resources High Favorites About Rising Economic Facing Pick Economic Policy Between Major Household Concerns Policy Inequality Insurance Educational Commitments Suspects Public Social Low Your Large Usual Income Income Inequality Monetary Among Monetary Policy
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems. Timothy Geithner
Today Financial Financial Crises Crises System Systemic Systems Financial System Financial Systems Risk Concentrated Traditional Than May Probability Banks Lower Less
The choice is between which mistake is easier to correct: underdoing it or overdoing it. Timothy Geithner
Mistake Correct Easier Between Overdoing Which Choice
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
Knowledge Innovation Financial Problems Too Other States Crisis Out Significant Systems Financial Systems Some Risk Economies Major Got Very Front Far Exposed United United States
Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system. Timothy Geithner
Financial Better Stronger Looking Past Immediate Crisis System Financial System Must More Both Major Institutions Built Shock Infrastructure Designed Resilient
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as we are now living through. Timothy Geithner
World Financial Before Living Economic Through Never Simultaneously Been Times Hit Modern Modern Times Confluence Turmoil Much Now
I personally believe that there's 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 there's going to be a good case for that. Timothy Geithner
Finance Government Good People Believe Think Recession Preserving Type Ability Some Borrow Case House Make Sure Very Going Personally Even Guarantee Damaging
I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market. Timothy Geithner
Change Think Market Like Current Going Form Anything Fundamental Fundamental Change Bring Preserve
It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it. Timothy Geithner
People World Prosperity Will Country Important Strategy Way States No Country Feasible Devalue Around Understand Very America Viable Engage United United States United States Of America Competitive
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits. Timothy Geithner
Today Future Confidence Hurt Commitment World Down Our Deficits Top Would Temporary Percent Economic Recovery Economic Recovery Long-Term Likely Well Make Undermining Permanent Any Tax Tax Cuts Cuts Prelude View Prepared Income Income Tax Extension Bring Two

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