Timothy Geitner: Raging Financial Inferno

Posted by admin on Tuesday, May 19, 2015

Timothy Geitner Money Quotation saying as United States Secretary of the Treasury, under President Barack Obama, from 2009 to 2013 that prosecuting bankers would not have been productive in saving the economy. Timothy Geitner said:

Trying to mete out punishment to perpetrators during a genuinely systemic crisis – by letting major firms fail … can pour gasoline on the fire. Old Testament vengeance appeals to the populist fury of the moment, but the truly moral thing to do during a raging financial inferno is to put it out — Timothy Geitner

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