"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, American Public Servant

Money, Financial, Economy, End

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"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."

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"A drunkard would not give money to sober people. He said they would only eat it, and buy clothes and send their children to school with it."

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"Money cannot buy you love. But it sure can buy you things that some people will love you for having."

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"It is not important how much money you gave away. It is important what good it will do on the way."

Debasish Mridha, American Author

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"The Bible does not say money is the root of all evil; it says the love of money is the root of all kinds of evil. A poor man who, in his heart, worships the idea of being rich is more vulnerable to its evils than a rich man who has a heart to use it all for the Lord."

Criss Jami, American Philosopher

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"A drinker has a hole under his nose that all his money runs into."

Thomas Fuller, English Clergyman

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"Put not your trust in money, but put your money in trust."

Oliver Wendell Holmes, American Writer

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"I think the person who takes a job in order to live - that is to say, for the money - has turned himself into a slave."

Joseph Campbell, American Author

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"Money should be ones demand and not command, one should not become a slave of Money because we made money to help us trade and not to make us, we're already made even without money."

Auliq Ice, Ugandan Economist

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"Money is the last enemy that shall never be subdued. While there is flesh there is money or the want of money, but money is always on the brain so long as there is a brain in reasonable order."

Samuel Butler, British Poet

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"A man never grows out of wanting and desiring money that follows him through life."

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Explore more quotes by Timothy Geithner

"Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers, both in the major institutions and in the infrastructure of the financial system."

Finance

"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."

Business

"The substantial uncertainty about the path of asset price movements going forward necessarily reduces the case for altering policy in advance of the move."

Policy

"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."

Finance

"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."

Lie

"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."

Finance

"The choice is between which mistake is easier to correct: underdoing it or overdoing it."

Mistake

"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."

Knowledge

"The world is likely to view any temporary extension of the income tax cuts for the top two percent as a prelude to a long-term or permanent extension, and that would hurt economic recovery as well by undermining confidence that we're prepared to make a commitment today to bring down our future deficits."

Commitment

"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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