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Stress Test
592 pages, 2015
Takeaways
Description
As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy Geithner helped navigate the United States out of the worst financial crisis since the Great Depression. In Stress Test, Geithner takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of Main Street. This is an inside story of how a small group of policymakers—in a thick fog of uncertainty, with unimaginably high stakes—helped avoid a second depression but lost the American people doing it. Stress Test is also a valuable guide to how governments can better manage financial crises because this one wasn’t to be the last. Stress Test reveals a side of Secretary Geithner that we’ve never seen, starting with his childhood as an American abroad.



