Stress Test: Reflections On Financial Crises ★

: Timothy F. Geithner (with collaborator Michael Grunwald). Publication Date : Originally released in May 2014. Format : Available in Hardcover and Paperback .

: 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 Stress Test: Reflections on Financial Crises

: 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

: He explains the rationale behind controversial decisions, such as the rescue of Bear Stearns , the failure of Lehman Brothers , and the massive AIG bailout. Format : Available in Hardcover and Paperback

: A central thesis is that fighting a financial crisis requires a credibly large commitment of fiscal and monetary policy to re-establish investor confidence.