Home / Quotes / Quote by Timothy Geithner

Quote by Timothy Geithner

“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.”

Quote by Timothy Geithner

Author

Timothy Geithner

Timothy F. Geithner is a former United States Secretary of the Treasury, serving under President Barack Obama from 2009 to 2013. Born on August 18, 1961, in New York City, Geithner is recognized for his pivotal role in the financial crisis of 2008 and his efforts to stabilize the U.S. economy during that time. more

You May Also Like

“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”

Ifs Thinking Want War Deals Judgment Areas Crisis Contrary Stability Wiser Preparing Instability

Author:Timothy Geithner

“Blaming speculators as a response to financial crisis goes back at least to the Greeks. It's almost always the wrong response.”

Crisis Blame Response Investing Financial Greek Financial Crisis Speculators

Author:Lawrence Summers

“Contagion has become very much a phenomenon, and it's a phenomenon of globalization.”

Phenomenon Globalization Contagion

Author:Lawrence Summers

“If you look at the history of the American capital market, there's probably no innovation more important than the idea of generally accepted accountancy principles.”

Ifs Looks Important Ideas Principles Innovation Accepted

Author:Lawrence Summers

“Global capital markets pose the same kinds of problems that jet planes do. They are faster, more comfortable, and they get you where you are going better. But the crashes are much more spectacular.”

Kind Problem Comfortable Faster Planes Where You Are Crash Spectacular Jet Posing Where You Are Going Jet Planes

Author:Lawrence Summers

“It certainly was difficult to sell NAFTA because it's always difficult to sell open markets.”

Difficult Sells Nafta

Author:Lawrence Summers

“In politics, as in poetry, it is sometimes true that it is darkest before dawn.”

Sometimes Politics Dawn

Author:Lawrence Summers

“It used to be said that when the U.S. sneezed, the world caught a cold. The opposite is equally true today.”

World Said Today Used Cold Opposites Caught Used To Be Cold Heart

Author:Lawrence Summers

“The idea that we should be open to all ideas is very different from the supposition that all ideas are equally valid.”

Should Ideas Different Supposition

Author:Lawrence Summers

“We are inheriting the worst financial system since the Depression. We're inheriting a situation - when people go back and study major banking crises a quarter century from now, the one that America developed in 2007 and 2008 is going to be one of those crises.”

People America Situation Study Worst Century Majors Crisis Financial Quarters Banking Financial System Banking Crisis

Author:Lawrence Summers