Geithner: America Is ‘Dependent’ on ‘Smart, Creative People’ with ‘Exceptional Integrity’ Like Me, Bernanke

GEITHNER I just want ░░░░░░░░ say this is really ░░░░░░░░ thing which is you ░░░░░░░░ in our system of ░░░░░░░░ where in the executive ░░░░░░░░ we were placed at ░░░░░░░░ four levels of government ░░░░░░░░ time there was a ░░░░░░░░ in the administration The ░░░░░░░░ depends a lot on ░░░░░░░░ quality of people that ░░░░░░░░ the civil service the ░░░░░░░░ the talent at the ░░░░░░░░ and the depth of ░░░░░░░░ experience at the fed ░░░░░░░░ the New York fed ░░░░░░░░ I think one of ░░░░░░░░ great advantages we had ░░░░░░░░ think and of course ░░░░░░░░ admire each other and ░░░░░░░░ were lucky in our ░░░░░░░░ and in the support ░░░░░░░░ the two presidents we ░░░░░░░░ for You know the ░░░░░░░░ advantage we had is ░░░░░░░░ we had a team ░░░░░░░░ people of exceptional integrity ░░░░░░░░ creative people who re ░░░░░░░░ know just overwhelmingly focused ░░░░░░░░ trying to figure out ░░░░░░░░ was the best of ░░░░░░░░ bad choices what would ░░░░░░░░ the most effective thing ░░░░░░░░ that s something you ░░░░░░░░ to sustain and preserve ░░░░░░░░ nurture you have to ░░░░░░░░ the incentives to make ░░░░░░░░ attractive and possible for ░░░░░░░░ come and spend a ░░░░░░░░ part of their lives ░░░░░░░░ these institutions And we ░░░░░░░░ more dependent on that ░░░░░░░░ a country because we ░░░░░░░░ a larger swath of ░░░░░░░░ at these regular intervals ░░░░░░░░ thing to recognize You ░░░░░░░░ again we are pointing ░░░░░░░░ the costs of letting ░░░░░░░░ defenses weaken or erode ░░░░░░░░ time the importance of ░░░░░░░░ broader arsenal the importance ░░░░░░░░ knowledge of how it ░░░░░░░░ But you know a ░░░░░░░░ of this is about ░░░░░░░░ depth of talent in ░░░░░░░░ institutions that ultimately will ░░░░░░░░ necessary in a crisis.”