"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

18

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

"There is no sickness worse for me than words that to be kind must lie."

Aeschylus, Greek Poet

Lie, Sickness, Words

"A lie never lives to be old."

Sophocles, Greek Poet

Lie, Old

"When you crop the photo, you tell a lie."

Doug Coupland, Canadian Author

Lie,

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

Pierre Corneille, French Dramatist

Lie, Memory

"Lies are sufficient to breed opinion, and opinion brings on substance."

Francis Bacon, English Philosopher

Lie, Lies, Opinion

"Lying has a kind of respect and reverence with it. We pay a person the compliment of acknowledging his superiority whenever we lie to him."

Samuel Butler, British Poet

Lie, Superiority, Compliment, Lying

"When a contradiction is impossible to resolve except by a lie, then we know that it is really a door."

Simone Weil, French Philosopher

Lie, Contradiction

"I do myself a greater injury in lying than I do him of whom I tell a lie."

Michel de Montaigne, French Philosopher

Lie, Injury, Lying

"Unless a man feels he has a good enough memory, he should never venture to lie."

Michel de Montaigne, French Philosopher

Lie, Man, Memory

"Sin has many tools, but a lie is the handle which fits them all."

Edmund Burke, Irish Statesman

Lie, Sin, Tools

Explore more quotes by Timothy Geithner

"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

"Monetary policy itself cannot sensibly be directed at reducing imbalances."

Policy

"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."

Peace

"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

"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

"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

"Financial crises require governments."

Finance

"The government can help, but we need to make this transition now to a recovery led by private investment, private."

Government

"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

"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."

Home