Stress Test: Reflections on Financial Crises is a candid memoir by former U.S. Treasury Secretary , detailing his efforts to steer the American economy through the 2008 financial crisis. The book serves as both a historical account of the "darkest moments" of the crisis and a guide for future leaders on managing economic emergencies. Key Themes & Reflections
: A central thesis is that fighting a financial crisis requires a credibly large commitment of fiscal and monetary policy to re-establish investor confidence. Stress Test: Reflections on Financial Crises
: He explains the rationale behind controversial decisions, such as the rescue of Bear Stearns , the failure of Lehman Brothers , and the massive AIG bailout. Stress Test: Reflections on Financial Crises is a
: Geithner reflects on how the administration successfully saved the financial system but "lost the American people" due to the perceived unfairness of bailing out banks while ordinary citizens suffered. Book Details Key Themes & Reflections : A central thesis
: You can find copies at Penguin Random House (approx. $20.00), Half Price Books (approx. $7.99), and Hudson Booksellers (approx. $20.00). Legacy of the "Stress Test" Stress Test: Reflections on Financial Crises - Goodreads
: Geithner describes the high stakes and lack of perfect information facing a small group of policymakers as they attempted to prevent a second Great Depression.
: Timothy F. Geithner (with collaborator Michael Grunwald). Publication Date : Originally released in May 2014. Format : Available in Hardcover and Paperback .