Financial crises require governments. Timothy Geithner crisisfinancialgovernment Change image and share on social
But what we're determined to do, and what the reforms will do is to make sure this system goes back to its core purpose of taking the savings of Americans and from investors around the world and allocating those to people with an idea, not just the largest companies in the country, but to small businesses with an idea and a plan for growing. Timothy Geithner allocateamericanback share on social
Although this crisis in some ways started in the United States, it is a global crisis. We bear a substantial share of the responsibility for what has happened, but factors that made the crisis so acute and so difficult to contain lie in a broader set of global forces that built up in the years before the start of our current troubles. Timothy Geithner acutebearbroad share on social
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 advancealterasset Change image and share on social
Monetary policy itself cannot sensibly be directed at reducing imbalances. Timothy Geithner directimbalancemonetary Change image and share on social
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 abilityborrowcase share on social
The plausible outcomes range from the gradual and benign to the more precipitous and damaging. Timothy Geithner benigndamagegradual Change image and share on social
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 confluenceeconomicfinancial Change image and share on social
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 adjustbusinesscrisis Change image and share on social
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 assetbehaviorbroaden share on social