On January 26, 2009, during the depth of the financial crisis and having just completed five years as President of the Federal Reserve Bank of New York, Timothy F. Geithner was sworn in by President Barack Obama as the 75th Secretary of the Treasury of the United States. Now, in a strikingly candid, riveting, and historically illuminating memoir, Geithner takes listeners behind the scenes during the darkest moments of the crisis.
"Credible analysis of the 2008 crisis"
Banking is an inherently risky business, and the United States will, sooner or later, face another major financial crisis. Yet the tools policymakers have to respond are even weaker than they were before the last crash. Politicians should restore more discretion to financial firefighters, not as a substitute for strong safeguards, but as a complement to them.