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Geithner book deal: inside the financial crisis

Timothy Geithner, former treasury secretary and former head

Timothy Geithner, former treasury secretary and former head of the New York Federal Reserve Bank, will write an insider’s account: what went right, what went wrong and lessons learned. (July 31, 2012) Photo Credit: Getty Images

Former Treasury Secretary Timothy Geithner has a book deal.

Geithner has an agreement with Crown Publishers, an imprint of Random House Inc.

Crown announced Thursday that Geithner's book, currently untitled, is scheduled for 2014 and will provide a "behind-the-scenes" account of the financial crisis.

Few Treasury secretaries received as much attention as Geithner, who has been praised for helping prevent a second Great Depression but criticized for being too friendly to banks and other financial institutions.

He will draw upon his experience at the Treasury during the first term of the Obama administration and his previous job as president of the Federal Reserve Bank of New York, where he served from 2003 to 2009.

According to Crown, Geithner will write about his work with President Barack Obama, Federal Reserve Chairman Ben Bernanke and other top officials.

"Secretary Geithner will chronicle how decisions were made during the most harrowing moments of the crisis, when policymakers faced a fog of uncertainty, risked catastrophic outcomes, and had no institutional memory or recent precedent to guide them," Crown's statement reads.

He "will aim to answer the most important -- and to many the most troubling -- questions about the choices he and his colleagues made, the strategies they adopted, and the economic aftermath. By describing what went right, what went wrong and the lessons learned along the way, Secretary Geithner intends to provide a 'playbook' that future policymakers can draw on and that the public can use to understand how and why governments act in crisis."

Geithner, 51, stepped down in January as Treasury secretary and was succeeded by Jack Lew.

Financial terms were not disclosed for Geithner's book. Geithner was represented by Washington attorney Robert Barnett, who has negotiated deals for Obama, former President Bill Clinton and Geithner's predecessor at the Treasury, Henry Paulson.

Obama's bestselling "Dreams from My Father" and "The Audacity of Hope" also were published by Crown.

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