you need to show on the budget the full costs, the potential risks of loss associated with any type of loan or guarantee program.
Tim Geithner: “you need to show on the budget the full costs, the potential risks of loss associated with any type of loan or guarantee…”
Editor's note · Context
Stressing the need for transparency in budget reporting for loan programs.
Share
More from Tim Geithner
the only way to restore fiscal responsibility and still preserve the commitments we need to make to our retirees and national security, is by a modest increase in the effective tax rate for the Americans who are in the best position to…
executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
The basic sense that you see across the country that the political institutions in this country are not up to the challenges we face, unable to act, unable to solve problems, is absolutely weighing on confidence.
If you call into question the willingness of the Government of the United States to meet its obligations, you will shake the basic foundations of the entire global financial system.





