Which industry did Geithner help restructure during the Great Recession?
Automobile industry
Technology industry
Pharmaceutical industry
Retail industry
Answer
During the Great Recession, Geithner played a pivotal role in restructuring the automobile industry. He led the government's efforts to provide financial assistance to struggling automakers, such as General Motors and Chrysler. This assistance included loans, loan guarantees, and equity investments. Geithner's efforts helped stabilize the industry and prevent its collapse, which would have had devastating consequences for the U.S. economy.
Timothy Geithner: Navigating the Financial Frontier - A Quiz Challenge
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