Timothy Geithner Quotes

24 quotes in 551 categories

• Most consequential choices involve shades of gray, and some fog is often useful in getting things done
• 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…
• 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…
• 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…
• The major economic policy challenges facing the nation today - pick your favorites among the usual suspects of low public and household savings, concerns about…
• The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move.
• This crisis is not simply a more severe version of the usual business cycle recession, the typical downturn in which economies ultimately adjust and stabilize.
• The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the…
• The government can help, but we need to make this transition now to a recovery led by private investment, private.
• The choice is between which mistake is easier to correct: underdoing it or overdoing it.
• The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center…
• 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 finance…
• Financial crises require governments.
• The plausible outcomes range from the gradual and benign to the more precipitous and damaging.
• 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…
• 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…
• 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…
• Monetary policy itself cannot sensibly be directed at reducing imbalances.
• 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…
• We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial…

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