Executive compensation played a material role in causing the financial crisis because it encouraged excessive risk taking.
Tim Geithner: “Executive compensation played a material role in causing the financial crisis because it encouraged excessive risk…”
Editor's note · Context
Geithner emphasizes the negative impact of executive compensation on financial stability.
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If those were embraced by the Congress tomorrow, there would be substantially more confidence around the world in the capacity of this political system in Washington.
I definitely believe that Dodd-Frank has put us in a much stronger position than we were before the crisis.
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…
When Timothy Geithner says today that he's willing to go over the cliff, he's saying it because, yes, it's posturing. But he's also saying it because he means it.





