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.
Tim Geithner: “If you call into question the willingness of the Government of the United States to meet its obligations, you will shake…”
Editor's note · Context
Geithner warns of catastrophic consequences if the U.S. defaults on its debt.
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If the U.S. Government were at this time... to significantly reduce the assistance it provides students going to college, that would be a bad thing for the country.
One of the most important things the Congress did is to say, 'We're going to establish a level playing field across banks and nonbanks.'
if Congress were to choose to try to defer everything... that would be very damaging to the interests of the country.
If Congress were to legislate constraints on itself that was consistent with that deficit reduction path, that would be enormously helpful to sustaining the confidence in the United States and around the world that we are going to go back…





