Stress Test: Reflections on Financial Crises

GEITHNER was the seventy-fifth secretary of the U.S. Department of the Treasury and previously served as president and chief executive officer of the Federal Reserve Bank of New York. He wrote this book as a distinguished fellow at the Council on Foreign Relations.From the Hardcover edition.. TIMOTHY F

But there’s enough detail and retrospective lessons-learned to make it valuable for students of financial history….fast-paced and colorful….Stress Test goes beyond other crisis books.” –Los Angeles Times “Throughout Stress Test, one gains a deep appreciation for the heart-pumping decisions made by Geithner and his colleagues from 2007 through 2012. He explains each in easy-to-understand language and what the issues were that shaped the responses… There could be another crisis someday, of course, but w

He takes readers inside the room as the crisis began, intensified, and burned out of control, discussing the most controversial episodes of his tenures at the New York Fed and the Treasury, including the rescue of Bear Stearns; the harrowing weekend when Lehman Brothers failed; the searing crucible of the AIG rescue as well as the furor over the firm’s lavish bonuses; the battles inside the Obama administration over his widely criticized but ultimately successful plan to end the crisis; and the bracing fight for the most sweeping financial reforms in more than seventy years. He recounts his early days as a young Treasury official helping to fight the international financial crises of the 1990s, then describes what he saw, what he did, and what he missed at the New York Fed before the Wall Street boom went bust. In this revealing memoir, Tim Geithner explains how America withstood the ultimate stress test of its political and financial systems.From the Hardcover edition..  As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy F. But in the end, Str

The detail is amazing, but not in the least boring Barbara E. Goll This book is user friendly, well written and well thought out. It shows that Obama chose his Secretary of the Treasury very wisely. The detail is amazing, but not in the least boring. It reads like a novel. Geithner was the exact right man for the job, already skilled and savvy in the knowledge of how to go about rescuing nations from economic crisis. This is well worth the read and impressive. Geithner emerges as a very likable and admirable human being, who just happened to be in the right time and place to save us from Depression . Another great view on the financial crisis LSBerg Overall I really liked this book. While Tim Geithner is not an writer and his style is definitely not of a thriller, the portrait of the crisis from his view definitely contributes to the overall understanding of the financial crisis of 2008.This book should not be taken as "stand-alone" but read in the context of all the other ones out there about the crisis itself. It helps one to form their opinions in a clear and more fair way in my opinion.Finally, this book also help show that the work of the Treasury, Federal Reserve, and othe. Amazon Customer said It was a great story that made me feel like i was there. Tim Geithner presents a very personal account of the financial crisis and the aftermath. It was a great story that made me feel like i was there in the room as it happened. It can get technical at times but Tim helps you go through to understand. A must read for those wanting to understand the actors involves.