As a young Treasury aide in the late 1990s, Timothy Geithner once said his proudest accomplishment was helping assemble more than $100 billion in international rescues to combat financial instability in Asia and Latin America.
Compared with meltdowns prior to the late 1990s, "the world proved much more resilient in confronting the recent crisis, because of the strength of the policy response and the financial force we mobilized in support of strong policies," the career civil servant, then 37 years old, told a reporter at the time.
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