Tim Geithner to Publish Book on Latest Financial Crisis
New York Federal Reserve Bank's former CEO from 2003 through 2009, Tim Geithner, has scored a book deal with Crown Publishers, an imprint of Random House. Crown also published Obama's best-selling “Dreams from My Father” and “The Audacity of Hope.”
The goal of the new book is to provide readers with an inside look at the most recent financial crisis of 2008 and beyond.
The books is said to reveal how U.S. financial and political leaders tackled the financial adversity, but specific details of the book have not yet been worked out, according to a source familiar with the project.
Residing as president of the Federal Reserve Bank of New York during the climax of the 08' meltdown, he truly got an insider's perspective of the whole debacle.
But – the big question remains – will he reveal all the candid truths and the insider insights that weren't so pretty? Will he talk about where the Fed leaders went wrong in managing the crisis? Debatable, but you can't always judge a book by its author... (or can you?).
CFR President Richard N. Haas has publicly referred to Geithner as a “tireless, creative and responsible custodian of the public trust.” He was Obama's longest-serving senior economic adviser often perceived as having played a critical role in lifting our nation out of recession.
And he was honest when he said recovery would take a long time...
Of all the Treasury secretaries, Geithner has received the most praise for his efforts in helping ward off a second Great Depression. Nonetheless, Americans have a lot of troubling questions regarding his and his colleagues choices, strategies, and “solutions” for our abundant economic hardships.
In January, Geithner renounced his position as Treasury secretary and Jack Lew took his place. Afterall, he did say he was probably going to be out if Obama stayed in office...+3
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