Financial Crisis Management Tools Will Be Geithner's Legacy

Law360, New York (January 11, 2013, 5:33 PM EST) -- The creative and controversial steps outgoing Treasury Secretary Timothy Geithner took to combat the 2007 financial meltdown and prevent future crises — pushing for bank stress tests, economic stimulus and bank bailouts, among other strategies — will be his lasting legacy, observers say, despite criticism that those measures didn’t go far enough.

Geithner, who will step down Jan. 25 after four years on the job, has his fingerprints all over the new financial regulations created in the aftermath of the crisis by the landmark Dodd-Frank Act,...
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