Timothy Geithner



Timothy Franz Geithner (born August 18, 1961) is a former American central banker who served as the 75th United States Secretary of the Treasury under President Barack Obama, from 2009 to 2013. He was the President of the Federal Reserve Bank of New York from 2003 to 2009, following service in the Clinton administration. Since March 2014, he has served as president and managing director of Warburg Pincus, a private equity firm headquartered in New York City.

Quotes

 * This plan will work.
 * House Financial Services Committee, March 24, 2009


 * We have parts of our system which are overwhelmed by regulation. It wasn't the absence of regulation that was the problem. It was despite the presence of regulation you got huge risks built up.
 * House Financial Services Committee, March 26, 2009


 * Hyperinflation is not going to happen in this country, will never happen... The Fed putting so much money into the system is not going to create the risk of hyperinflation in the future. We have a strong independent Federal Reserve with a very strong mandate from the Congress, and they will do what's necessary to keep inflation low and stable over time.
 * This Week with George Stephanopoulos, March 29, 2009


 * We believe in a strong dollar … Chinese financial assets are very safe.
 * Peking University, May 31, 2009


 * I believe deeply that it's very important to the United States, to the economic health of the United States, that we maintain a strong dollar.
 * Meeting with Japanese reporters at the U.S. embassy, November 11, 2009

About

 * So I think the reason that the newspapers are going quiet on this is the Fed broke the law. And it wants to continue breaking the law. And that's why these Wall Street banks fought so hard to get the current head of the Fed reappointed, [Jerome] Powell, because they know that he's going to do what [Timothy] Geithner did under the Obama administration. He's loyal to the New York City banks, and he's willing to sacrifice the economy to help the banks.
 * Michael Hudson, quoted by Ben Norton, in Economist Michael Hudson explains inflation crisis and Fed's secretive $4.5 trillion bank bailout, Geopolitical Economy Report Subtitle: Economist Michael Hudson discusses the global inflation crisis and how the US Federal Reserve quietly (and apparently illegally) bailed out big banks in 2019 with $4.5 trillion of emergency repo loans (8 Jan 2022)