Quotation by

Timothy Geithner

We judged that a sudden, disorderly failure of Bear would have brought with it unpredictable but severe consequences for the functioning of the broader financial system and the broader economy, with lower equity prices, further downward pressure on home v

Timothy Geithner

Failure

Understanding this quote AI Analysis

The collapse of Bear Stearns in a chaotic way was expected to cause serious problems for the entire financial system and economy. This would likely lead to falling stock prices and additional negative effects on the housing market.

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