“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.”
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
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