On this page...
Stress Test: Reflections on Financial Crises
About the Author - Timothy F. Geithner
Excerpt from a Book: "Stress Test"
Most of the principles of an effective response to crises are counterintuitive. The more you promise to do, the less you have to do. If you take a great risk to exit the market, you will take a smaller risk of a huge loss, and you will attract more private funds to consolidate stability instead of requiring government funds. You should make more mistakes instead of less. You will make mistakes anyway, but you should try to make mistakes that can be corrected at a lower price. It is easier to curb economic panic than to deal with the aftermath of an economic disaster.—— Quoted from page 394
Stress Test Book Summary
Stress Test Book Review
Discover literary treasures at ReadingAndThinking.com – your ultimate destination for insightful book recommendations and reviews!
Please Share These Resources with Colleagues, Friends, and Family.