From his posts as the President of the Federal Reserve Bank of New York (2003-09) and Secretary of the U.S. Treasury (2009-13), Timothy Geithner was a central figure in planning and executing the rescue of the financial system during the Great Recession of 2008-09. In his new memoir, he explains how limited powers were forcefully used to backstop a system in crises and make it investable again. The book provides a dynamic account of the disaster, the abuses that caused it, and the reasons why extraordinary measures were necessary to stop it.
Born in New York City in 1961, Geithner spent much of his childhood in Africa and Asia, where his father was stationed by the Ford Foundation. Before graduating from Dartmouth, he studied Mandarin at Peking University and Beijing Normal University. After earning his M.A. from Johns Hopkins and working for Kissinger Associates, he joined the International Affairs Division of the U.S. Treasury. At Treasury, he became a protégé of both Robert Rubin and Lawrence Summers.
