This concern does not extend to Geithner’s personal life. Taking risks with borrowed money created the instability that magnified the crisis, Geithner believes, and financial firms should never fund themselves so greatly with other people’s money. This has long been a Geithner concern he wrote in his book that he fretted about low capital levels as far back as 2003. With stronger capital standards, banks must “ hold more financial reserves against risk and to fund themselves more conservatively,” as Geithner said in a 2012 speech while Treasury secretary. And central to that improvement are the stiffer capital requirements, buffers of liquid assets for financial institutions so they can absorb their own losses. Among the takeaways from Timothy Geithner’s 2014 memoir " Stress Test" is his contention that the financial system is safer and more stable today.
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