I think this Government should have moved earlier to address this crisis.
Tim Geithner: “I think this Government should have moved earlier to address this crisis.”
Editor's note · Context
Geithner acknowledges the government's delayed response to the housing crisis.
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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.
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.
if Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
we have suggested that the burden for the revenues that would have to come on the individual side should fall on the most fortunate 2 percent of Americans through an increase in the effective tax rate on those individuals.





