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Albert R. Hunt

Geithner Omits Cost of Success

In book, former Treasury secretary correctly sees a job well done, but glosses over public anger. 
Photographer: Kevork Djansezian/Getty Images
Photographer: Kevork Djansezian/Getty Images

Tim Geithner's valuable career as a civil servant culminated in four high-powered years as Treasury secretary. His recent book about those experiences captures the traumas and tensions of the financial crisis.

He rightly takes credit for what most experts agree was largely a success: an economic cataclysm avoided, teetering big financial institutions restored to economic health, ultimately at no cost to taxpayers. Former Federal Reserve Chairman Ben S. Bernanke, ex-Treasury Secretary Henry Paulson, Geithner and his Obama administration colleague Larry Summers were the architects of these policies.