Books : reviews

Timothy F. Geithner.
Stress Test: reflections on financial crises.
Penguin. 2014

The essential work on financial crises by former U.S. secretary of the treasury Timothy Geithner

As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy Geithner helped the United States navigate the worst financial crisis since the Great Depression. In this candid and historically important memoir he gives his perspective on those years, explaining the hard choices he had to make to repair a broken financial system and prevent the collapse of the American – and world – economy.

Secretary Geithner takes readers inside the room as the crisis began, intensified and burned out of control. This book is the gripping account of how America withstood the ultimate stress test of its political and financial systems. It is an invaluable guide to how governments can better manage financial crises. And it is an essential historical record that will remain powerful and relevant for decades to come.