The cover of Stress Test: Reflections on Financial Crises

Stress Test: Reflections on Financial Crises

How did the people in charge stop a financial panic from becoming a second depression, and what should we learn about handling a crisis?

At a glance

Author
Timothy F. Geithner

Why read it

  • You will see why a flawed plan carried out quickly can beat no plan at all when everything is on fire
  • You will understand how a banking system breaks and why rescues that look unfair can still protect ordinary people
  • You will learn why the right move in a financial crisis can be deeply unpopular, and what it costs the people who make it

Who it is for

  • Leaders who must decide fast with bad information
  • Readers who still feel angry about the bank bailouts
  • Anyone wanting to understand how financial crises start and end

Contents

  1. INTRODUCTION
  2. The Bombs
  3. ONE
  4. An American Abroad
  5. TWO
  6. An Education in Crisis
  7. THREE
  8. Leaning Against the Wind
  9. FOUR
  10. Letting It Burn
  11. FIVE
  12. The Fall
  13. SIX
  14. “We’re Going to Fix This”
  15. SEVEN
  16. Into the Fire
  17. EIGHT
  18. Plan Beats No Plan
  19. NINE
  20. Getting Better, Feeling Worse
  21. TEN
  22. The Fight for Reform
  23. ELEVEN
  24. Aftershocks
  25. EPILOGUE
  26. Reflections on Financial Crises
  27. TRIBUTE TO THE CRISIS TEAM
  28. Photo Insert
  29. AUTHOR’S NOTE

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