Stress Test: Reflections On Financial — Crises

: 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

: 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

: A central thesis is that fighting a financial crisis requires a credibly large commitment of fiscal and monetary policy to re-establish investor confidence. : Geithner reflects on how the administration successfully

: 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. the failure of Lehman Brothers