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Timothy Geithner Quotes

Timothy Franz Geithner is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama, from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.As President of the New York Fed and Secretary of the Treasury, Geithner had a key role in government efforts to recover from the financial crisis of 2007–08 and the Great Recession. At the New York Fed, Geithner helped manage crises involving Bear Stearns, Lehman Brothers, and the American International Group; as Treasury Secretary, he oversaw allocation of $350 billion under the Troubled Asset Relief Program, enacted during the previous administration in response to the subprime mortgage crisis. Geithner also managed the administration's efforts to restructure regulation of the nation's financial system; attempts to spur recovery of the mortgage market and the automobile industry; demands for protectionism; tax reform; and negotiations with foreign governments on global finance issues.



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✵ 18. August 1961
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Timothy Geithner: 5   quotes 0   likes

Famous Timothy Geithner Quotes

“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.”

Timothy Geithner

This Week with George Stephanopoulos, March 29, 2009 http://abcnews.go.com/ThisWeek/Story?id=7200273&page=4

“I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar.”

Timothy Geithner

Meeting with Japanese reporters at the U.S. embassy, November 11, 2009 http://www.businessinsider.com/geithner-we-care-about-a-strong-dollar-really-2009-11

“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.”

Timothy Geithner

House Financial Services Committee, March 26, 2009 http://www.house.gov/apps/list/hearing/financialsvcs_dem/press031309.shtml

“We believe in a strong dollar … Chinese financial assets are very safe.”

Timothy Geithner

Peking University, May 31, 2009 http://www.reuters.com/article/marketsNews/idINPEK12423320090601?rpc=44

“This plan will work.”

Timothy Geithner

House Financial Services Committee, March 24, 2009 http://globaleconomicanalysis.blogspot.com/2009/03/geithners-arrogance-knows-no-bounds.html http://www.house.gov/apps/list/hearing/financialsvcs_dem/hr03240923.shtml

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