Timothy F. Geithner
Autor de Stress Test: Reflections on Financial Crises
Sobre El Autor
Timothy F. Geithner was the seventy-fifth secretary of the U.S. Department of the Treasury and previously served as president and chief executive officer of the Federal Reserve Bank of New York. He wrote this book, Stress Test: Reflections on Financial Crises, as a distinguished fellow at the mostrar más Council on Foreign Relations. (Bowker Author Biography) mostrar menos
Obras de Timothy F. Geithner
Etiquetado
Conocimiento común
- Nombre legal
- Geithner, Timothy Franz
- Fecha de nacimiento
- 1961-08-18
- Género
- male
- Nacionalidad
- USA
- Lugar de nacimiento
- New York, New York, USA
- Educación
- Dartmouth College (A.B.|Government and Asian Studies|1983)
Peking University
Beijing Normal University
Johns Hopkins School of Advanced International Studies (M.A.|International Economics|1985) - Ocupaciones
- economist
public official
United States Secretary of the Treasury (2009-2013)
President of the Federal Reserve Bank of New York (2003-2009)
United States Under Secretary of the Treasury for International Affairs (1998-2001)
United States Assistant Secretary of the Treasury for International Affairs (1997-1998) - Organizaciones
- Kissinger Associates
Bill Clinton administration (1997-2001)
Barack Obama's cabinet (Secretary of the Treasury|2009-2013)
Barack Obama administration (2009-2013)
Council on Foreign Relations
Group of Thirty
Miembros
Reseñas
También Puede Gustarte
Autores relacionados
Estadísticas
- Obras
- 2
- Miembros
- 364
- Popularidad
- #66,014
- Valoración
- 3.6
- Reseñas
- 19
- ISBNs
- 12
Proponents of the Wall Street Bailout and the Troubled Asset Relief Program (TARP) claim that saving those banks was absolutely required to prevent a full depression, with even worse consequences. Most of the money has since been re-payed, so the taxpayer burden was minor, especially when thinking that tens of millions of jobs may have been lost without that action being taken, not to mention the millions of additional homes which would have been foreclosed upon. Also, at this point in time, the economy has basically recovered, and unemployment rates have returned to pre-2008 levels.
On the other hand, critics point out that we've fixed nothing, and those big banks are bigger than ever, still make risky decisions, and remain "to big to fail", meaning without reform, we'll face this same crisis again in the future, with probable harder choices to make. It remains uncertain if the similar threats to the economy in the future have been prevented. Many people bristle at the thought of more regulations, but I didn't get the sense from Geithner's book that that Dodd-Frank reforms were adequate to prevent another similar crisis, especially as bank lobbies strive to chip away at its requirements.
But these two perspectives, and unprovable arguments, are what make thos Thanksgiving dinner discussion with your crazy uncle so interesting. Both sides can be argued well after desert and coffee have been served. Geithner, for his part, being part of the "fix", obviously has his opinion, which he shares in his book. What I liked about the book is his openness and clarity about the choices the financial advisors in both the Bush and Obama Administrations had to make. Choices were hard, outcome uncertain, and previous comparable experiences mostly irrelevant. Geithner tells his side of the story as to how and why those tough choices were made.… (más)