Convos

Stress Test by Timothy Geithner


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Timothy Geithner's Stress Test recounts his experiences navigating the 2008 financial crisis, first as president of the Federal Reserve Bank of New York and later as Treasury Secretary. He details the government's responses to the crisis, including interventions in the cases of Bear Stearns, Lehman Brothers, and AIG, and discusses the political and economic challenges involved. Geithner reflects on the successes and failures of these interventions, emphasizing the difficult decisions made under immense pressure, and ultimately assessing the effectiveness of the crisis response measures. The narrative also explores his personal journey, including his background and the impact of the crisis on his family life. He concludes by offering a framework for future financial crisis management.

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ConvosBy Convos Media