6 Quotes & Sayings By Timothy Geithner

Timothy Geithner was born in June 1966 and raised in the New York City area and in Providence, Rhode Island. He spent his early childhood in New York City and then moved to Washington, D.C., where he attended Sidwell Friends School and then Wesleyan University. After college, he worked at the International Monetary Fund (IMF) for two years before moving to New York City to work for the law firm of Cravath, Swaine & Moore LLP. At Cravath, Geithner took a leave of absence to work for the Treasury Department during the Clinton administration Read more

He returned to Cravath after leaving the Treasury and became a partner in 2001. Geithner joined Citigroup as president and CEO in January 2003 and was named chairman of the board of directors on January 13, 2010. On February 3, 2011, President Barack Obama nominated Geithner to serve as Treasury secretary.

He was confirmed by the U.S. Senate on February 17, 2011.

1
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. Timothy Geithner
2
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. Timothy Geithner
3
I personally believe that there's going to be a good case for the government preserving some type of guarantee to make sure that people have the ability to borrow to finance a house even in a very damaging recession. I think there's going to be a good case for that. Timothy Geithner
4
Financial crises require governments. Timothy Geithner
5
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. Timothy Geithner