Stress test: reflections on financial crises

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New York Times BestsellerWashington Post BestsellerLos Angeles Times BestsellerStress Test is the story of Tim Geithner's education in financial crises. As president of the Federal Reserve Bank of New York and then as President Barack Obama's secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he 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 the Main Street economy. This is the inside story of how a small group of policy makers--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 won't be the last.Stress Test reveals a side of Secretary Geithner the public has never seen, starting with his childhood as an American abroad. 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. 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. Secretary Geithner also describes the aftershocks of the crisis, including the administration's efforts to address high unemployment, a series of brutal political battles over deficits and debt, and the drama over Europe's repeated flirtations with the economic abyss. Secretary Geithner is not a politician, but he has things to say about politics--the silliness, the nastiness, the toll it took on his family. But in the end, Stress Test is a hopeful story about public service. In this revealing memoir, Tim Geithner explains how America withstood the ultimate stress test of its political and financial systems.

From the Hardcover edition.
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ISBN:
9780804138598
9780804165518
9780804138604
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Grouping Information

Grouped Work ID 34500b44-600d-3099-dc2f-05fc0b837c94
full_title stress test reflections on financial crises
author geithner timothy f
grouping_category book
lastUpdate 2017-11-18 02:10:59AM

Solr Details

accelerated_reader_interest_level
accelerated_reader_point_value 0
accelerated_reader_reading_level 0
author Timothy F. Geithner
author_display Geithner, Timothy F
available_at_catalog Huron Street
detailed_location_catalog Brighton - Adult CD Audiobooks - Nonfiction, Huron Street - Adult Nonfiction
display_description

New York Times Bestseller

Washington Post Bestseller

Los Angeles Times Bestseller

Stress Test is the story of Tim Geithner's education in financial crises.


As president of the Federal Reserve Bank of New York and then as President Barack Obama's secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he 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 the Main Street economy. This is the inside story of how a small group of policy makers--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 won't be the last.

Stress Test reveals a side of Secretary Geithner the public has never seen, starting with his childhood as an American abroad. 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. 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. Secretary Geithner also describes the aftershocks of the crisis, including the administration's efforts to address high unemployment, a series of brutal political battles over deficits and debt, and the drama over Europe's repeated flirtations with the economic abyss.

Secretary Geithner is not a politician, but he has things to say about politics--the silliness, the nastiness, the toll it took on his family. But in the end, Stress Test is a hopeful story about public service. In this revealing memoir, Tim Geithner explains how America withstood the ultimate stress test of its political and financial systems.



From the Hardcover edition.
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id 34500b44-600d-3099-dc2f-05fc0b837c94
isbn 9780804138598, 9780804138604, 9780804165518
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local_callnumber_catalog BIOGRAPH GEITHNER i, CD BIOGRAPH GEITHNER o
owning_library_catalog All Anythink Libraries
owning_location_catalog Brighton, Huron Street
primary_isbn 9780804138598
publishDate 2014
record_details ils:988248|Book|Books|1st ed.|English|Crown Publishers,|c2014.|580 p. ; 25 cm., ils:988418|Audio Book|Audio Books|Unabridged.|English|Random House Audio,|[2014]|15 audio discs (18 1/2 hr.) ; 4 3/4 in., overdrive:4224f4b5-84d5-4e61-ab79-9d528e39393f|eBook|eBook||English|Crown/Archetype|2014|
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subject_facet Audiobooks, BIOGRAPHY & AUTOBIOGRAPHY / Political, BUSINESS & ECONOMICS / Banks & Banking, BUSINESS & Government & Business, Banks and banking -- United States, Financial crises -- United States -- History, Geithner, Timothy F
title_display Stress test : reflections on financial crises
title_full Stress Test Reflections on Financial Crises, Stress test : reflections on financial crises / Timothy F. Geithner, Stress test [sound recording] : reflections on financial crises / Timothy F. Geithner
title_short Stress test :
title_sub reflections on financial crises
topic_facet Banks and banking, Biography & Autobiography, Business, Financial crises, Geithner, Timothy F, History, Nonfiction, Politics