follow the money

A blog on business law, politics, and white collar crime

May 7, 2014

What Tim Geithner Got Right

Next week, with the release of his book “Stress Test,” former Treasury secretary Timothy Geithner will follow fellow bank bailout-era officials whose books seek to shape our views of the financial meltdown by detailing what they and their peers got right — and wrong — in their responses. Here’s my opinion.  Published on May 6, 2014, on the New York Times DealBook blog.

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In the wake of the financial meltdown in 2008, there were many who claimed it had been inevitable, that “no one saw it coming,” and that subprime borrowers were to blame.