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Stress Test

Reflections on Financial Crises
Aug 20, 2017ricardohdz rated this title 3.5 out of 5 stars
In this book, Geithner offers superficial insights of the causes and implications of the financial crisis born in 2007. Without financial lingo, he exposes the rational behind many of the decisions he and his team made during those days. Rather than a complete study and profound research, the former US Secretary of Treasury offers the reader a day-to-day description of what is and how does it feel to command one of the biggest economies in the world during a period of economic weakness. This book is a required lecture to understand the role of US government and public institutions during that time and to realize that these institutions have (or had) limited or no legal authority at all to restrict risk on financial firms.