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.

Quote by William E Geist

Topics: William E Geist Quotes

I personally believe that there's going to be a good case for the government preserving...

I personally believe that there's going to be a good case for the government preserving...

Monetary policy itself cannot sensibly be directed at reducing imbalances.

Monetary policy itself cannot sensibly be directed at reducing imbalances.

But what we're determined to do, and what the reforms will do is to make...

But what we're determined to do, and what the reforms will do is to make...

And I think it's a prudent, responsible way, given the scale of the emergency, the...

And I think it's a prudent, responsible way, given the scale of the emergency, the...

Scrooge pushed past Mary number 1 and Joseph number 2 in the wings without so...

Scrooge pushed past Mary number 1 and Joseph number 2 in the wings without so...

I think we're not going to preserve Fannie and Freddie in anything like their current...

I think we're not going to preserve Fannie and Freddie in anything like their current...

It is very important for people to understand that the United States of America and...

It is very important for people to understand that the United States of America and...

Most consequential choices involve shades of gray, and some fog is often useful in getting...

Most consequential choices involve shades of gray, and some fog is often useful in getting...

In the financial system we have today, with less risk concentrated in banks, the probability...

In the financial system we have today, with less risk concentrated in banks, the probability...

Some think that by preparing to deal with crises you make them more likely. I...

Some think that by preparing to deal with crises you make them more likely. I...

Never before in modern times has so much of the world been simultaneously hit by...

Never before in modern times has so much of the world been simultaneously hit by...

Kristin Brown looks as though she could have been mailed first-class to New York for...

Kristin Brown looks as though she could have been mailed first-class to New York for...

Grown men have been seen fleeing after reading the menu posted outside.

Grown men have been seen fleeing after reading the menu posted outside.

New York is a city of conversations overheard, of people at the next restaurant table...

New York is a city of conversations overheard, of people at the next restaurant table...

Financial crises require governments.

Financial crises require governments.

As financial markets continue to broaden and deepen, the behavior of asset prices will play...

As financial markets continue to broaden and deepen, the behavior of asset prices will play...

Although this crisis in some ways started in the United States, it is a global...

Although this crisis in some ways started in the United States, it is a global...

Pressed caviar has the consistency of chilled tar.

Pressed caviar has the consistency of chilled tar.

Drawn by warm nostalgic feelings for the place and by two sweet little words: Open...

Drawn by warm nostalgic feelings for the place and by two sweet little words: Open...