Timothy Geithner, key architect of the government’s response the financial crisis, joins Gwen Ifill to discuss his new book, “Stress Test: Reflections on Financial Crises.” As the former treasury secretary, Geithner offers perspective on the government’s response to the crisis, what response Americans deserved and how close the country came to another Great Depression. Continue reading
On the first of two report card days for big banks in America, all but one bank received a passing grade from the Federal Reserve.
The central bank released the results of its “stress test” of 30 bank-holding companies with consolidated assets of $50 billion or more Thursday, showing that most of these institutions have enough capital to withstand a severe economic downturn. Continue reading
Columnists Mark Shields and David Brooks examine the outcome of the banking stress test results, U.S. policy toward Afghanistan and Pakistan and remember the life of Jack Kemp. Continue reading
Treasury Secretary Timothy Geithner defends the stringency of the banking stress tests and offers insight on the pace of U.S. job losses as unemployment reaches 8.9 percent. Continue reading
On the day the government released better-than-expected stress test results for 19 major banks, a panel of economic analysts explain how the numbers were calculated and gauge the report’s impact on the nation’s financial health. Continue reading
The U.S. Treasury released stress tests of 19 major banks, finding that they collectively need another $75 billion by November. A financial reporter explains the results. Continue reading