What was one of Geithner's key roles during the financial crisis?
Managing Bear Stearns crisis
Leading the IMF
Running the World Bank
Directing the SEC
Answer
Managing the Bear Stearns crisis was one of Geithner's crucial roles during the financial crisis. Bear Stearns, a major investment bank, faced a liquidity crisis in March 2008. Geithner, as President of the Federal Reserve Bank of New York, played a pivotal role in orchestrating its sale to JPMorgan Chase, preventing a potential collapse that could have had catastrophic consequences for the financial system.
Timothy Geithner: Navigating the Financial Frontier - A Quiz Challenge
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