: Geithner reflects on how the administration successfully saved the financial system but "lost the American people" due to the perceived unfairness of bailing out banks while ordinary citizens suffered. Book Details
: Geithner describes the high stakes and lack of perfect information facing a small group of policymakers as they attempted to prevent a second Great Depression. Stress Test: Reflections on Financial Crises
: You can find copies at Penguin Random House (approx. $20.00), Half Price Books (approx. $7.99), and Hudson Booksellers (approx. $20.00). Legacy of the "Stress Test" Stress Test: Reflections on Financial Crises - Goodreads : Geithner reflects on how the administration successfully
: Timothy F. Geithner (with collaborator Michael Grunwald). Publication Date : Originally released in May 2014. Format : Available in Hardcover and Paperback . Legacy of the "Stress Test" Stress Test: Reflections
: He explains the rationale behind controversial decisions, such as the rescue of Bear Stearns , the failure of Lehman Brothers , and the massive AIG bailout.
: A central thesis is that fighting a financial crisis requires a credibly large commitment of fiscal and monetary policy to re-establish investor confidence.
Stress Test: Reflections on Financial Crises is a candid memoir by former U.S. Treasury Secretary , detailing his efforts to steer the American economy through the 2008 financial crisis. The book serves as both a historical account of the "darkest moments" of the crisis and a guide for future leaders on managing economic emergencies. Key Themes & Reflections