The only way to deal effectively with the moral hazard risk created by the consequences of this crisis and by the too big to fail problem is to make sure there is a set of reforms in place.
Tim Geithner: “The only way to deal effectively with the moral hazard risk created by the consequences of this crisis and by the too…”
Editor's note · Context
Geithner emphasizes the need for reforms to manage risks from large financial institutions.
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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…
If Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
Absolutely. Yes, again, we see there's no prospect to an agreement that doesn't involve those rates going up on the top 2 percent of the wealthiest Americans.
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.





