STRESS TEST; REFLECTIONS ON FINANCIAL CRISES.

Geithner, Timothy F. [Timothy Franz Geithner].

ISBN 10: 0804138591 / ISBN 13: 9780804138598

Published by New York: Crown Publishers, 2014., 2014

About this Item

First edition, first printing (with publisher's requisite statement for former and descending number line for latter upon copyright page) WITH BOOKPLATE SIGNED BY THE AUTHOR. x, 580 pages. Hardcover: H 24.25cm x L 16.25cm. Dust jacket rubbed; some bumping and slight scuffing at edges; shallow red staining at flaps' bottom margins; front flap is not price clipped. Black boards; spine ends bumped. Deckle fore-edge; red staining to text block's bottom edge with some leaves shallowly affected at margins; interior pages are otherwise clean. Affixed at center of front free endpaper is bookplate with black felt tip ink signature "Tim F. Geithner." Binding retains some crispness. ISBN 9780804138598.

Seller Inventory # CVA-02001

Bibliographic Details

• Title: STRESS TEST; REFLECTIONS ON FINANCIAL CRISES.
• Publisher: New York: Crown Publishers, 2014.
• Publication Date: 2014
• Language: English
• ISBN 10: 0804138591
• ISBN 13: 9780804138598
• Binding: Hardcover
• Edition: 1st Edition
• Dust Jacket Condition: Dust Jacket Included
• Signed: Signed by Author(s)
• Seller catalogs:
  • Economics

About this title

Synopsis

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.

About the Author

TIMOTHY F. GEITHNER was the seventy-fifth secretary of the U.S. Department of the Treasury and previously served as president and chief executive officer of the Federal Reserve Bank of New York. He wrote this book as a distinguished fellow at the Council on Foreign Relations.