It's time to stop demonizing everybody on Wall Street, everybody who's in the financial industry because they're not all bad people.
Tim Geithner: “It's time to stop demonizing everybody on Wall Street, everybody who's in the financial industry because they're not all…”
Editor's note · Context
Tim Geithner emphasizes the need for cooperation with the financial industry instead of demonizing all its members.
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You cannot govern a country if you commit never to raise taxes on anybody, because things change, wars happen, crises happen.
You cannot effectively oversee a financial system without much better information than we had access to before the crisis.
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.
I believe, as does the President, that there is no plausible way for us to address the many economic challenges facing the country, including our unsustainable fiscal deficits, without asking those most fortunate few to pay a modestly…





