"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
About this Quote
This quote by Timothy Geithner suggests that he believes the government ought to provide some form of assurance to guarantee that individuals can still obtain money to purchase a home even throughout an economic crisis. He believes that this is a great concept and that there will be a good case for it. This could indicate that the federal government could supply some type of loan guarantee or other financial support to help people purchase a house throughout a recession. This might assist to ensure that individuals are still able to buy a house even when the economy is struggling, which might help to promote the economy and help individuals to remain in their houses. This might be an useful policy for both people and the economy as a whole.