Stress Test : Reflections on Financial Crises by Timothy F. Geithner (2014, Hardcover)

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About this product

Product Identifiers

PublisherPotter/Ten SPEED/Harmony/Rodale
ISBN-100804138591
ISBN-139780804138598
eBay Product ID (ePID)211896255

Product Key Features

Book TitleStress Test : Reflections on Financial Crises
Number of Pages592 Pages
LanguageEnglish
Publication Year2014
TopicEconomic History, Economic Conditions, Political, Government & Business, Business
IllustratorYes
GenreBiography & Autobiography, Business & Economics
AuthorTimothy F. Geithner
FormatHardcover

Dimensions

Item Height1.8 in
Item Weight36 Oz
Item Length9.5 in
Item Width6.6 in

Additional Product Features

Intended AudienceTrade
LCCN2014-378703
Reviews"Sensational . . . Tim's book will forever be the definitive work on what causes financial panics and what must be done to stem them when they occur." -- Warren Buffett   "Very few important subjects in American history have been the subject of as much disinformation and deliberate distortion as the events surrounding the financial crisis that broke in 2008. Tim Geithner's candid, clear-headed, and refreshingly self-effacing account of his role in formulating the federal government's response is a very welcome antidote. Geithner's book is a triple threat: it is first-rate economic history, insightful political science, and, most important, a cogent exposition of the importance of adhering to the policies adopted in the aftermath of the crisis if we are to succeed in diminishing the likelihood of any recurrence." -- Barney Frank   " Stress Test is an absolutely compelling account of the financial crisis, written in a clear, graceful style with striking honesty at every step along the way. Timothy Geithner brings a complex story to life with telling anecdotes and personal reflections." -- Doris Kearns Goodwin   "This is a lucid, fascinating, and extremely important book. Every American should read it. Geithner does something unusual: he engages in substance. With both insight and humility, plus a good dose of wry humor, he explains what really happened during the financial crisis. No matter your political persuasion, you will find this book educational, enlightening, and interesting." -- Walter Isaacson   "The country owes Tim Geithner great appreciation for his role in overcoming the financial crisis of 2008.  He has now indebted it further with writing a thoughtful, very readable and informative account of the conduct of policy at the edge of disaster." -- Henry A. Kissinger        
Dewey Edition23
Dewey Decimal330.973/0931
SynopsisNew 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.
LC Classification NumberHB3722.G45 2014

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