Quotessence
Home / Quotes / Quote by Timothy Geithner

Quote by Timothy Geithner

“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.”

Quote by Timothy Geithner

Author

Timothy Geithner
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

“Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.”

“I am afraid that those comments go back to the late 80's. At that time I was a skeptic - the argument based on Koch's postulates to try to distinguish between cause and association. Today I would regard the success of the many antiviral agents which lower the virus titers (to be expected) and also resolve the failure of the immune system (only expected if the virus is the cause of the failure) as a reasonable proof of the causation argument .”

“Rays were blazing through the atmosphere of the earth, the horizon became bright orange, gradually passing into all the colors of the rainbow: from light blue to dark blue, to violet and then to black. What an indescribable gamut of colors! Just like the paintings of the artist Nicholas Roerich.”