Word: steins
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Dates: during 2000-2009
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Specializing in finance, Stein worked most intensely on the financial stability plan, which he describes as “the effort to deal with the current problems of the banking and what some call the ‘shadow banking’ system...
...There was an awful lot going on,” Stein says. “We were trying to put out the fire and write a new fire code at the same time...
Attending meetings and debating policy points, Stein was part of a team of top financial analysts from the NEC and the Treasury Department, working together to form government policy towards banks and other troubled corporations...
Summers “had an unbelievable appetite” for understanding the economics of the decisions being made, says Stein, who has known Summers since the mid-80s when Stein first began as an associate professor at the Business School...
...Stein also described a less familiar experience—presidential briefings. “[Obama] was keenly interested,” Stein says. One briefing developed into a six hour meeting, he says...