Timothy F. Geithner, the former Treasury secretary who managed the Obama administration’s response to the global financial crisis of 2008 and the recession that followed, will publish a book recounting that harrowing time, his publisher said Thursday.
Crown Books, an imprint of Random House, said the as yet-untitled book would have behind-the-scenes details about the strategy that policymakers devised, and how decisions were made. The books is scheduled for publication in 2014.
In a press release, Crown promised that “Secretary Geithner will aim to answer the most important - and to many the most troubling - questions about the choices he and his colleagues made.â€
There have already been numerous books on the financial crisis, including bestsellers like “Too Big to Fail,†(2009) by Andrew Ross Sorkin, a columnist for The New York Times, and “The Big Short†(2010) by Michael Lewis.
Still, there is little doubt that Mr. Geithner, who ran Treasury from 2009 until earlierthis year and was president and chief executive of the Federal Reserve Bank of New York before that, is uniquely situated to provide inside information on decision making.
Mr. Geithner has received intense ongoing criticism from Republicans who have called the bailout he engineered a waste of government funds. The press release hinted that Mr. Geithner will both answer his many critics as well as admit to mistakes that will be a guidepost for future leaders.
