Ending TBTF ‘Like Moby Dick For Economists Or Regulators’: Geithner

With his new book Stress Test: Reflections on Financial Crises coming out next week, former Treasury Secretary Tim Geithner gave a big interview to Andrew Ross Sorkin at the New York Times to start shaping a narrative about his role in the financial crisis.

One revelation is that while Geithner was supposed to be figuring out a way to make sure banks couldn’t be too big to fail, he never really thought it was an achievable goal, saying that it is “like Moby Dick for economists or regulators. It’s not just quixotic,...