Former U.S. Treasury Secretary Timothy Geithner at the World Affairs Council of Philadelphia - May 19, 2014

by World Affairs Council of Philadelphia

From the harrowing weekend in 2008 when Lehman Brothers went bankrupt, to the searing crucible of the AIG bonuses controversy and the bracing fight for sweeping financial reforms, former Treasury Secretary Timothy Geithner faced a series of hard choices and politically unpalatable decisions during his tenures at the Federal Reserve Bank of New York and at the Treasury. From boom to bust to rescue to recovery, Secretary Geithner helped the United States navigate the worst financial crisis since the Great Depression – as well as the lingering aftershocks of the crisis, including high unemployment, fiscal battles, and Europe’s repeated flirtations with the economic abyss. In his new book, Stress Test: Reflections on Financial Crises, Secretary Geithner relates his thoughts and experiences and examines the tensions between politics and policy that have come to dominate discussions of the U.S. economy.

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