Geithner tells of terror of crisis in memoir

|By:, SA News Editor

Former Treasury Secretary Timothy Geithner is today set to release "Stress Test," his memoir of the financial crisis.

In the book, Geithner describes the "the terror of those days," and "the overwhelming burden of responsibility combined with the paralyzing risk of catastrophic failure," as well as "the loneliness and the numbness."

Geithner raises what the FT calls the "tantalizing possibility" of the Fed helping to finance a Barclays bid for Lehman Brothers, although it proved moot as U.K. regulators opposed such a deal. Geithner felt he was otherwise powerless to prevent the "catastrophic default" of Lehman.