Day 2: Responding to the Global Financial Crisis

Ten years after the lowest moments of the worst financial crisis and deepest recession in generations, former Federal Reserve Chairman Ben Bernanke and former Treasury Secretaries Tim Geithner and Hank Paulson—chief architects of the rescue that prevented a repeat of the Great Depression—look back and look ahead in an interview conducted by Andrew Ross Sorkin of the New York Times and CNBC.

The event is part of an initiative, led by the three former officials, to document how and why the U.S. government’s responses to the financial crisis of 2007-2009 were designed the way they were. To fill a gap in the historical record, the Hutchins Center on Fiscal and Monetary Policy at Brookings and the Program on Financial Stability at the Yale School of Management are commissioning papers by individuals who were actively involved in designing the elements of the rescue. The primary objective is to answer the inevitable question that those who fight future financial crises will ask: Why and how did they do it the way they did in? You can learn more about the project by visiting the Program on Financial Stability at the Yale School of Management. Download the crisis in pictures here.

Read Tim Geithner and Andrew Metrick’s working paper “Ten Years after the Financial Crisis: A conversation with Timothy Geithner“.