Stress Test: Reflections on Financial Crises by Timothy F. Geithner


A bible for people facing a financial crisis, Stress Test has made a significant impact not only for investors and money managers but also for every financially struggling individual or institution in the present age. The book serves as a how-to guide for people facing financial debacles as the author used a clear and compelling way of presenting the financial crisis he faced and overcame.

Stress Test is also a good read for governments to gain insightful ideas to improve financial management and solve financial difficulties. A recount or memoirs of the Treasury secretary, Stress Test, is a message about public service. 

The narrative does not end with the resolution of the crisis as it includes the vivid description of the aftershocks of the crisis. 

About the Author

Timothy F. Geithner saliently recounts his experiences facing financial difficulties as he was the seventy-fifth secretary of the U.S. Department of the Treasury. He also rendered service at the Federal Reserve Bank of New York as president and chief executive officer. The writing of this book occurred to Geithner as he became affiliated with the Council of Foreign Regulations. Geithner led the United States to get through one of the worst financial crises since the Great Depression. 

Table of Contents

Geithner’s memoir of financial crises was presented in this book containing the following topic sequence:                        

Introduction: The Bombs

I – An American Abroad

II – An Education in Crisis

III – Leaning Against the Wind

IV – Letting it Burn

V – The Fall

VI – “We’re Going to Fix This”

VII – Into the Fire

VIII – Plan Beats No Plan

IX – Getting Better, Feeling Worse

X – The Fight For Reform

XI – Aftershocks

Epilogue: Reflections on Financial Crises

Tribute to the Crisis Team


Author’s Note