The remarkable thing about this extended passage by Tim Geithner is the lack of any acknowledgment anywhere that Larry Summers was, in fact, right in his view: the Obama administration course as of March 15, 2009 was, in fact, putting us on the road to replicating and lost decades. No acknowledgement of that at all… … Continue reading From Tim Geithner: Stress Test: Thursday Focus: May 15, 2014