As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of the Main Street economy. This is the inside story of how a small group of policy makers—in a thick fog of uncertainty, with unimaginably high stakes—helped avoid a second depression but lost the American people doing it. Stress Test is also a valuable guide to how governments can better manage financial crises, because this one won’t be the last.
Stress Test reveals a side of Secretary Geithner the public has never seen, starting with his childhood as an American abroad. He recounts his early days as a young Treasury official helping to fight the international financial crises of the 1990s, then describes what he saw, what he did, and what he missed at the New York Fed before the Wall Street boom went bust. He takes readers inside the room as the crisis began, intensified, and burned out of control, discussing the most controversial episodes of his tenures at the New York Fed and the Treasury, including the rescue of Bear Stearns; the harrowing weekend when Lehman Brothers failed; the searing crucible of the AIG rescue as well as the furor over the firm’s lavish bonuses; the battles inside the Obama administration over his widely criticized but ultimately successful plan to end the crisis; and the bracing fight for the most sweeping financial reforms in more than seventy years. Secretary Geithner also describes the aftershocks of the crisis, including the administration’s efforts to address high unemployment, a series of brutal political battles over deficits and debt, and the drama over Europe’s repeated flirtations with the economic abyss.
Secretary Geithner is not a politician, but he has things to say about politics—the silliness, the nastiness, the toll it took on his family. But in the end, Stress Test is a hopeful story about public service. In this revealing memoir, Tim Geithner explains how America withstood the ultimate stress test of its political and financial systems.
Timothy F. Geithner was the seventy-fifth secretary of the U.S. Department of the Treasury and previously served as president and chief executive officer of the Federal Reserve Bank of New York. He wrote this book as a distinguished fellow at the Council on Foreign Relations.
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本想只在豆瓣评论上写一些感想,没想到一写就是洋洋洒洒三千字。实在是好书,便还是以书评形式贴出,与志同道合者共享。 巴老形容这本书的词最好: Sensational! 从前对大衰退的理解多来源于草根作品,然而这个世界上恐怕也没有像盖特纳这样自始至终身临其境又酷毙得能直来直往...
评分压力测试,大国崛起必修课 【《压力测试》,[美] 蒂莫西•F•盖特纳著,益智译/中信出版社,2015年4月版/58.00元】 恐慌的人群拥挤着、哭喊着希望自己的钱能取出来,大型金融机构如多米若骨牌般接二连三倒下,失业率飙升、人们积蓄在一夜间蒸发并陷入贫困……这不是科幻...
评分金融危机是一场从美国开始的,进而波及全球的金融风暴,沉重的打击了包括美国在内的全球经济,让整个世界此后多年经济增长陷入泥潭,原有的发展进程被打断,影响时至今日,我们的全球经济仍然在复苏之中,全球化的量化宽松实质今日刚有要结束的趋势,在美国才开始加息,才开始...
评分Geithner在政府部门工作25年参与扑灭多场金融危机的大火,希望他在新东家Warburg Pincus不再做消防队长。
评分Independent, not a banker, politician, not even a economist. Secretary of treasure
评分yet another insider's view about 2008 financial crisis. interesting but dont fully believe it.
评分今年读过最精彩的书之一。在对一项经济政策的利弊进行评估前应该先好好读读这本书。
评分平铺直叙的厚书太考验人的耐心(which i aparently don't have much
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