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"I think we're not going to preserve Fannie and Freddie in anything like their current form. We're going to have to bring fundamental change to that market."
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"Clever nations are the ones who keep changing their governments! Because power must change hands otherwise it will get spoiled and rot!"
"But in the meantime I became accustomed to the writing life and it would be hard to change now - partly because of the salary cut if I went to my other love, teaching; and partly because I still have stories to tell, even though it isn't all that fun doing the work anymore."
"America was never designed to be fixed forever, but was meant to be fluid and evolving."
"Human beings are the only animal that thinks they change who they are simply by moving to a different place. Birds migrate, but it's not quite the same thing."
"A personality alters itself through a series of self-referential experiences. We are not the same as the day before. Much as a person can never set foot in exactly the same river on any given day, we are different each day. Yesterday made us, but the past cannot contain nor restrain us. We can never mentally scroll backward and be who we used to be. We must move forward in the stream of life until the day that our life force dries up and we return to dust."
"What you're supposed to do when you don't like a thing is change it. If you can't change it, change the way you think about it. Don't complain."
"It is a great danger for everyone when what is shocking changes."
"If you don't like how things are, change it! You're not a tree."
Explore more quotes by Timothy Geithner
"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."
"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."
"The rest of the world needs the US economy and financial system to recover in order for it to revive. We remain at the center of global economic activity with financial and trade ties to every region of the globe."
"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."
"It is very important for people to understand that the United States of America and no country around the world can devalue its way to prosperity, to be competitive. It is not a viable, feasible strategy, and we will not engage in it."
"We will not support returning Fannie and Freddie to the role they played before conservatorship, where they fought to take market share from private competitors while enjoying the privilege of government support."
"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."
"In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems."
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