"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, American Public Servant

Lie, Crisis, Responsibility, states

38

Create Your Own Wallpaper

Standard

Customized

"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."

Exlpore more Lie quotes

"Our normal waking consciousness, rational consciousness as we call it, is but one special type of consciousness, whilst all about it, parted from it by the filmiest of screens, there lie potential forms of consciousness entirely different."

William James, American Philosopher

Lie, Consciousness, Potential, Waking

"Weaklings must lie."

Jean Paul, German Author

Lie,

"The moment a man talks to his fellows he begins to lie."

Hilaire Belloc, English Poet

Lie, Man

"Guilt always hurries towards its complement, punishment; only there does its satisfaction lie."

Lawrence Durrell, British Writer

Lie, Guilt, Punishment, Satisfaction

"When Shakespeare was writing, he wasn't writing for stuff to lie on the page; it was supposed to get up and move around."

Ken Kesey, American Author

Lie, Shakespeare, Writing

"Your intellect may be confused, but your emotions will never lie to you."

Roger Ebert, American Critic

Lie, Emotions, Intellect, May

"Any man who has once proclaimed violence as his method is inevitably forced to take the lie as his principle."

Alexander Solzhenitsyn, Russian Author

Lie, Man, Violence

"The great masses of the people will more easily fall victims to a big lie than to a small one."

Adolf Hitler, German Criminal

Lie, People, Victims, Will

"Opportunity ideas do not lie around waiting to be discovered. Such ideas need to be produced."

Edward de Bono, English Psychologist

Lie, Opportunity, Ideas, Waiting

"One ought to have a good memory when he has told a lie."

Pierre Corneille, French Dramatist

Lie, Memory

Explore more quotes by Timothy Geithner

"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."

Government

"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."

People

"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

"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."

Change

"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."

Money

"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

"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."

Finance

"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

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

Mistake

"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."

Policy