Famous quote by Timothy Geithner

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Looking past the immediate crisis, a more resilient system must be built on stronger and better designed shock absorbers
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"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"

- Timothy Geithner

About this Quote

This quote by Timothy Geithner is referring to the requirement for a much more durable economic system in the wake of the existing economic crisis. He is suggesting that the significant organizations and also the infrastructure of the monetary system need to be strengthened as well as much better designed in order to be able to soak up the shocks of future economic slumps. This indicates that the financial system requires to be much more durable as well as able to endure the pressures of financial slumps. He is suggesting that the existing system is not equipped to handle the shocks of a major economic crisis and that it needs to be enhanced in order to be able to hold up against future financial shocks. He is stressing the need for a much more resilient economic system that is better designed as well as better geared up to take care of the shocks of financial recessions.

About the Author

USA Flag This quote is written / told by Timothy Geithner somewhere between August 18, 1961 and today. He/she was a famous Public Servant from USA. The author also have 26 other quotes.

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