Extended Audio Sample

Download Stress Test: Reflections on Financial Crises Audiobook

Extended Audio Sample Stress Test: Reflections on Financial Crises, by Timothy F. Geithner Click for printable size audiobook cover
0 out of 50 out of 50 out of 50 out of 50 out of 5 0.00 (0 ratings) (rate this audio book) Author: Timothy F. Geithner Narrator: Timothy F. Geithner Publisher: Penguin Random House Format: Unabridged Audiobook Delivery: Instant Download Audio Length: Release Date:
Regular Price: $25.00 Download
— or —
FlexPass™ Price: $20.95$5.95$5.95 for new members!
Download learn more )

From the former Treasury Secretary, the definitive account of the unprecedented effort to save the U.S. economy from collapse in the wake of the worst global financial crisis since the Great Depression

On January 26, 2009, during the depth of the financial crisis and having just completed five years as president of the Federal Reserve Bank of New York, Timothy F. Geithner was sworn in by President Barack Obama as the seventy-fifth secretary of the treasury of the United States. Now, in a strikingly candid, riveting, and historically illuminating memoir, Geithner takes readers behind the scenes during the darkest moments of the crisis. Swift, decisive, and creative action was required to avert a second Great Depression, but policy makers faced a fog of uncertainty, with no good options and the risk of catastrophic outcomes.

Stress Test: Reflections on Financial Crises takes us inside the room, explaining in accessible and forthright terms the hard choices and politically unpalatable decisions that Geithner and others in the Obama administration made during the crisis and recovery. He discusses the most controversial moments of his tenures at the Federal Reserve Bank of New York and at the Treasury, including the harrowing weekend Lehman Brothers went bankrupt; the searing crucible of the AIG bonuses controversy; the development of his widely criticized but ultimately successful plan in early 2009 to end the crisis; the bracing fight for the most sweeping financial reforms in seventy years; and the lingering aftershocks of the crisis, including high unemployment, the fiscal battles, and Europe’s repeated flirtations with the economic abyss.

Geithner also shares his personal and professional recollections of key players such as President Obama, Ben Bernanke, Hank Paulson, and Larry Summers, among others, and examines the tensions between politics and policy that have come to dominate discussions of the US economy. An insider’s account of how the Obama administration saved the economy but lost the American people, Stress Test reveals a side of Timothy Geithner that only few have seen.

Download and start listening now!

bbcz

Quotes & Awards

  • Stress Test is an absolutely compelling account of the financial crisis, written in a clear, graceful style with striking honesty at every step along the way. Timothy Geithner brings a complex story to life with telling anecdotes and personal reflections.”

    Doris Kearns Goodwin, New York Times bestselling author

  • “Sensational…Tim’s book will forever be the definitive work on what causes financial panics and what must be done to stem them when they occur.”

    Warren Buffett

  • “A fascinating memoir about life in the maelstrom of the financial crisis…Earlier books have described much of what happened that September, but Geithner was present for all the frantic meetings, the thousands of phone calls—and in the case of Lehman, the failure to find a buyer that could keep it alive. New problems cropped up almost weekly, if not daily. He explains each in easy-to-understand language and what the issues were that shaped the responses…There could be another crisis someday, of course, but what Geithner and his colleagues did has made one far less likely.”

    USA Today

  • “He’s written a really good book—we might as well get that out of the way, as so much else about Timothy F. Geithner remains unsettled…There’s hardly a moment in Geithner’s story when the reader feels he is being anything but straightforward—a near superhuman feat for someone who spent so much time in public life defending himself from careless and dishonest personal attacks. The decisions he made are easier to criticize than they are to improve upon. I doubt many readers will put his book down and think the man did anything but his best. On his feet he might have stammered and wavered. That in itself was always a sign he was unusually brave.”

    New York Times Book Review

  • “Sharply worded and candid memoir.”

    Financial Times

  • “A how-to manual for anyone faced with a financial crisis…Geithner was known for his brutal candor, and as an author, he does not disappoint.”

    Economist

  • “Geithner does an admirable job of explaining the origins and complexities of the crisis for the average person. But there’s enough detail and retrospective lessons learned to make it valuable for students of financial history….fast paced and colorful….Stress Test goes beyond other crisis books.”

    Los Angeles Times

  • “An insider’s account of what strategies were adopted and why they worked—or didn’t.”

    Library Journal

  • A New York Times Bestseller
  • A Washington Post Bestseller
  • A San Francisco Chronicle Bestseller
  • An iTunes Top Seller
  • A Publishers Weekly Bestseller
  • Barnes & Noble's Biggest Books, May 2014
  • A New York Times Editor’s Choice
Write a Review
What is FlexPass?
  • Your first audiobook is just $5.95
  • Over 90% are at or below $12.95
  • "LOVE IT" guarantee
  • No time limits or expirations