the story follows sec. geithner's actions as a federal reserve officer in the years prior to the failure of many financial institutions. the details here show clearly both that he was doing his job in questioning in attempting to figure out how much risk was involved in banks' actions and also that. his "diplomatic approach" wasn't enough, for which he takes responsibility. a very fair and in-depth piece.

Informative investigation of Timothy Geithner's failed efforts to improve risk management for credit derivatives, while he was at the New York Fed circa 2005. This original report is factual, fair, and based on a variety of records, interviews and public statements by Geithner himself, as well as other named and unnamed sources. Helpful historical context about this important topic.

There is no mention here of the faulty risk algorithms that were accepted without question. Who was delegated to check the math? Where is the competence to regulate? Surely not from the head of Greenspan... This is a story of corruption and collusion, or a story of incompetence. Expert opinion seems lacking.