Stress Test: Reflections on financial crises by Timothy Geithner

Stress TestCompelling tale of the great financial and economic recession of 2007 to ? from Tim Geithner’s front row seats at the New York Fed and U.S. Treasury. He makes the case that the extreme measures ($30 trillion in public money/guarantees) required to save Wall Street were necessary to save Main Street. Wall Street is healed and the signs on Main Street are looking better. Would other more Main Street oriented policies have worked as well? Not according to Tim. In any event, Mr. Geithner is on to his next job in investment banking.

Reviewed by Benton

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