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Timothy Geithner Quotes
Timothy Geithner Quotes
Timothy Geithner
American
Public Servant
Born:
Aug 18
,
1961
Financial
Government
People
Think
Will
World
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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, 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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