Some fun quotes attributed to Tim Geithner............

Background and wiki on Geithner here and here:

The recognition that things that are not sustainable will eventually come to an end does not give us much of a guide to whether the transition will be calm or exciting.

Financial crises require governments.
(Ed note:  it is not clear whether he meant the governments are necessary to cause, or cure, said crises)

The choice is between which mistake is easier to correct: underdoing it or overdoing it.

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

Some think that by preparing to deal with crises you make them more likely. I think the wiser judgment is the contrary. In this area at least, if you want peace or stability, it's better to prepare for war or instability.

This crisis exposed very significant problems in the financial systems of the United States and some other major economies. Innovation got too far out in front of the knowledge of risk.