无论是以美国财政部长(The Secretary of the U.S. Treasury)还是纽约联储行长(The President of the Federal Reserve Bank of New York)的身份,盖特纳(Timothy Geithner)都是2008金融海啸的重要见证人之一。由于其身份的特殊性,他的回忆录必将成为研究2008金融海啸史料不可或缺的重要组成部分。
Stress Test is the story of Tim Geithner’s education in financial crises.
As president of the Federal Reserve Bank of New York and then as President Barack Obama’s secretary of the Treasury, Timothy F. Geithner helped the United States navigate the worst financial crisis since the Great Depression, from boom to bust to rescue to recovery. In a candid, riveting, and historically illuminating memoir, he takes readers behind the scenes of the crisis, explaining the hard choices and politically unpalatable decisions he made to repair a broken financial system and prevent the collapse of the Main Street economy. This is the inside story of how a small group of policy makers—in a thick fog of uncertainty, with unimaginably high stakes—helped avoid a second depression but lost the American people doing it. Stress Test is also a valuable guide to how governments can better manage financial crises, because this one won’t be the last.
Review
“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
“Very few important subjects in American history have been the subject of as much disinformation and deliberate distortion as the events surrounding the financial crisis that broke in 2008. Tim Geithner’s candid, clear-headed, and refreshingly self-effacing account of his role in formulating the federal government’s response is a very welcome antidote. Geithner’s book is a triple threat: it is first-rate economic history, insightful political science, and, most important, a cogent exposition of the importance of adhering to the policies adopted in the aftermath of the crisis if we are to succeed in diminishing the likelihood of any recurrence.” —Barney Frank
“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
“This is a lucid, fascinating, and extremely important book. Every American should read it. Geithner does something unusual: he engages in substance. With both insight and humility, plus a good dose of wry humor, he explains what really happened during the financial crisis. No matter your political persuasion, you will find this book educational, enlightening, and interesting.” —Walter Isaacson
“The country owes Tim Geithner great appreciation for his role in overcoming the financial crisis of 2008. He has now indebted it further with writing a thoughtful, very readable and informative account of the conduct of policy at the edge of disaster.” —Henry A. Kissinger
Content
INTRODUCTION: The Bombs
ONE: An American Abroad
TWO: An Education in Crisis
THREE: Leaning Against the Wind
FOUR: Letting It Burn
FIVE: The Fall
SIX: “We’re Going to Fix This”
SEVEN: Into the Fire
EIGHT: Plan Beats No Plan
NINE: Getting Better, Feeling Worse
TEN: The Fight for Reform
ELEVEN: After shocks
EPILOGUE: Reflections on Financial Crises
With Federal Reserve Chairman Ben Bernanke at the Fed’s annual economic symposium, Jackson Hole, Wyoming, August 22, 2008
With President Obama in London at the meeting of the G-20, April 2, 2009
Presenting Chinese Vice Premier Wang Qishan with an authentic New York City Fire Department hat, January 18, 2011
附件中还有:
盖特纳在华尔街日报(WSJ)为配合新书而写的评论:The Paradox of Financial Crises
金融时报独家专访盖特纳:Lunch with the FT: Tim Geithner (Over Indian food in New York, the former US Treasury secretary talks about future risks, crisis management, mistakes and misperceptions)
《Flash Boys》作者Michael Lewis在纽约时报为此书写的书评:The Hot Seat: ‘Stress Test,’ by Timothy F. Geithner
华盛顿邮报书评:Tim Geithner and the Paradox behind the Government’s Crisis Response
2008年华盛顿邮报及纽约客(The New Yorker)专题报道:In Crucible of Crisis, Paulson, Bernanke, Geithner Forge a Committee of Three, The Eight Days of the Financial Crisis.