Stress Test: Reflections on Financial Crises

, New York Law Journal


From his posts as the President of the Federal Reserve Bank of New York (2003-09) and Secretary of the U.S. Treasury (2009-13), Timothy Geithner was a central figure in planning and executing the rescue of the financial system during the Great Recession of 2008-09. In his new memoir, he explains how limited powers were forcefully used to backstop a system in crises and make it investable again. The book provides a dynamic account of the disaster, the abuses that caused it, and the reasons why extraordinary measures were necessary to stop it.

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Originally appeared in print as By Timothy F. Geithner, Crown Publishers, New York, 580 pages, $35

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