"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

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Timothy Geithner quote about money: "There is a basic lesson on financial crises that governments tend to wait too long, underestimate th..."

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"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."

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"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."

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"And I think it's a prudent, responsible way, given the scale of the emergency, the scale of the damage still facing America, that we finance these additional support for the unemployed as well as the support for small business. We think there's a good case for doing it now. We want to do it in an overall fiscally responsible way."

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"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."

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"We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home values, and less access to credit for companies and households."

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"How sweet it is!"

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"Kids are meant to believe that their stepping stone to massive money is 'The X Factor.' Luck is great, but most of life is hard work. We do not celebrate people who have made success out of serious hard work."

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"Because I don't take money, I'll go anywhere and do a benefit concert with almost any orchestra."

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"Nothing except the mint can make money without advertising."

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"Thankfully, due to the United Kingdom and the commitment of the Westminster government we are able to ensure that money brought in, whether it be from the City of London or from North Sea oil, can be pooled and directed to wherever it is needed most. That is what being in the United Kingdom is all about."

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