Ebook: In Lew of Geithner

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May 4, 2013, 8:53 p.m.

Wash­ing­ton is all aflut­ter about the dangers of too much fed­er­al debt. But the real danger to the Amer­ic­an eco­nomy may lie else­where, and in an all-too-fa­mil­i­ar place. More than four years after Wall Street pre­cip­it­ated the worst crash since the Great De­pres­sion, the na­tion’s fin­an­cial sys­tem is again be­com­ing en­shrouded in un­cer­tainty and a lack of trans­par­ency. At a time when the biggest banks are get­ting even big­ger and more opaque in their op­er­a­tions, the Dodd-Frank fin­an­cial reg­u­la­tion law is still not fully im­ple­men­ted, two and a half years after en­act­ment. Pres­id­ent Obama’s own at­tor­ney gen­er­al, Eric Hold­er, even im­pli­citly re­buked his former Cab­in­et col­league, ex-Treas­ury Sec­ret­ary Tim Geithner, for al­low­ing the banks to get out of hand. The ques­tion now is: Does Geithner’s re­place­ment, Jac­ob Lew, have the right stuff to rein in Wall Street? In Na­tion­al Journ­al‘s first e-Book, In Lew of Geithner, Chief Cor­res­pond­ent Mi­chael Hirsh con­cludes that it’s far more likely that Lew will fol­low Geithner’s path.

Pur­chase the book from one of these re­tail­ers:

Na­tion­al Journ­al mem­bers can down­load a PDF ver­sion the book for free here.

Mi­chael Hirsh, the chief cor­res­pond­ent for Na­tion­al Journ­al, pre­vi­ously served as the seni­or ed­it­or and na­tion­al eco­nom­ics cor­res­pond­ent for New­s­week, based in its Wash­ing­ton bur­eau. Hirsh has re­ceived nu­mer­ous awards, in­clud­ing the Over­seas Press Club award for best magazine re­port­ing from abroad in 2001 and for New­s­week’s cov­er­age of the war on ter­ror, which also won a Na­tion­al Magazine Award, and he has ap­peared many times as a com­ment­at­or on MS­N­BC, Fox News, CNN, and Na­tion­al Pub­lic Ra­dio. Hirsh has writ­ten for The New York Times, The Wash­ing­ton Post, For­eign Af­fairs, Harp­er’s, and the As­so­ci­ated Press, and is the au­thor of two pre­vi­ous books. Fol­low him on twit­ter @mi­chaelphirsh.


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