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… — Timothy Geithner Copy Share Image
The plausible outcomes range from the gradual and benign to the more precipitous and damaging. — Timothy Geithner Copy Share
The choice is between which mistake is easier to correct: underdoing it or overdoing it. — Timothy Geithner Copy Share
If you don't try to generate more revenues through tax reform, if you don't ask, you know, the most fortunate Americans to bear a… — Timothy Geithner Copy Share
The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move. — Timothy Geithner Copy Share
But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose… — Timothy Geithner Copy Share
The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether… — Timothy Geithner Copy Share
And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we… — Timothy Geithner Copy Share
This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and… — Timothy Geithner Copy Share
This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out… — Timothy Geithner Copy Share
We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite… — Timothy Geithner Copy Share
Never before in modern times has so much of the world been simultaneously hit by a confluence of economic and financial turmoil such as… — Timothy Geithner Copy Share
The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the… — Timothy Geithner Copy Share
The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a… — Timothy Geithner Copy Share
The government can help, but we need to make this transition now to a recovery led by private investment. — Timothy Geithner Copy Share
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… — Timothy Geithner Copy Share
