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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 presenc… - Timothy Geithner
" "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.
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About Timothy Geithner
Timothy Franz Geithner (born August 18, 1961) 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.
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Alternative Names:
Timothy Franz Geithner
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Tim Geithner
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Timothy F. Geithner
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Additional quotes by Timothy Geithner
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.
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