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Stress Test
Author: Timothy Geithner

ISBN: 9781847941244
Format: Paperback
Number Of Pages: 592
Published: 12 March 2015
Country of Publication: GB
Dimensions (cm): 19.8 x 12.9 x 4.7
Description:
From the former Treasury Secretary, the definitive account of the unprecedented effort to save the US economy from collapse in the wake of the worst global financial crisis since the Great Depression. On 26 January, 2009, during the depths of the financial crisis and having just completed five years as President of the Federal Reserve Bank of New York, Timothy F Geithner was sworn in by President Barack Obama as the seventy-fifth Secretary of the Treasury of the United States. Now, in a strikingly candid, riveting, and historically illuminating memoir, Geithner takes readers behind the scenes during the darkest moments of the crisis. Swift, decisive, and creative action was required to avert a second Great Depression, but policy makers faced a fog of uncertainty, with no good options and the risk of catastrophic outcomes. Stress Test: Reflections on Financial Crises takes us inside the room, explaining in accessible and forthright terms the hard choices and politically unpalatable decisions that Geithner and others in the Obama administration made during the crisis and recovery. He discusses the most controversial moments of his tenures at the Federal Reserve Bank of New York and at the Treasury, including th...

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