Top 33 Geithner Quotes
#1. There are those on Wall Street and in the plutocracy who feel that Geithner is a hero who deftly steered the country from economic ruin. To many ordinary Americans, however, he is considered a Wall Street puppet and a servant of the so-called banksters.
Andrew Ross Sorkin
#2. Mr. Geithner is an excellent minister. We have a good personal relationship.
Wolfgang Schauble
#3. I don't want to put words in Geithner's mouth, but I think he is generally against the revolving door of government officials taking jobs with companies that they have overseen or in roles that involve lobbying. At minimum, I'm pretty sure he felt that way about himself.
Andrew Ross Sorkin
#4. In addition to billions in new 'stimulus' spending that our country can't afford, the Geithner plan also contains billions in tax increases on small and family-owned businesses while protecting the tax preferences of wealthy, multinational corporations.
Kevin McCarthy
#5. I think you need to have a tax system that basically is flat, fair and simple. And - that you can put on a post card. I mean, even Timothy Geithner could do this one and get it on time.
Rick Perry
#6. 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
#7. The plausible outcomes range from the gradual and benign to the more precipitous and damaging.
Timothy Geithner
#8. 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
#9. 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
#10. The choice is between which mistake is easier to correct: underdoing it or overdoing it.
Timothy Geithner
#11. 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
#12. 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
#13. 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
#14. The government can help, but we need to make this transition now to a recovery led by private investment, private.
Timothy Geithner
#15. 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 of global economic activity with financial and trade ties to every region of the globe.
Timothy Geithner
#16. Monetary policy itself cannot sensibly be directed at reducing imbalances.
Timothy Geithner
#17. 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.
Timothy Geithner
#18. 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
#19. The IMF was a more formal and less fun place to work than Treasury. The meetings were endless, with crushing bureaucracy, an intrusive and fractious executive board, an appalling amount of paper, and a lot of factional conflict among various fiefdoms.
Timothy F. Geithner
#20. We believe in a strong dollar ... Chinese financial assets are very safe.
Timothy Geithner
#21. They should make earplugs for people who are grieving, so we don't have to hear the stupid things people say, but I'd look like a dork in them. -Corinna
Carole Geithner
#22. 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
#24. I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar.
Timothy Geithner
#25. making judgments under the pressure of a crisis, about weighing the relative merits of various choices with potentially catastrophic outcomes.
Timothy F. Geithner
#26. Most consequential choices involve shades of gray, and some fog is often useful in getting things done.
Timothy Geithner
#27. 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
#28. 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 the presence of regulation you got huge risks built up.
Timothy Geithner
#30. We will not support returning Fannie and Freddie to the role they played before conservatorship, where they fought to take market share from private competitors while enjoying the privilege of government support.
Timothy Geithner
#31. 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
#32. 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 transition will be calm or exciting.
Timothy Geithner
#33. 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
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