The Courage to Act

The Courage to Act

A Memoir of A Crisis and Its Aftermath

Book - 2015
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In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however -- the burst of the housing bubble in 2007 set off a domino effect that would bring the global financial system to the brink of meltdown. Here, Ben Bernanke pulls back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two U.S. presidents and two Treasury secretaries, Dr. Bernanke and his colleagues used every Fed capability, no matter how arcane, to keep the U.S. economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis, to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Dr. Bernanke gives readers a unique perspective on the American economy.
Publisher: New York, NY : W.W. Norton & Company, [2015]
Edition: First edition
Copyright Date: ©2015
ISBN: 9780393247213
039324721X
Branch Call Number: 332.11 B5179c 2015
Characteristics: xiv, 610 pages, 32 unnumbered pages of plates : illustrations ; 25 cm

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SVICTOR09
Nov 23, 2015

My First Political Science Book....

s
StarGladiator
Nov 04, 2015

Update 11/07/15: All you really need to know about the Fed:
http://wallstreetonparade.com/2015/11/fed-officials-are-attending-big-bank-board-meetings-is-this-stockholm-syndrome/
HENSARLING queried if the Fed had crossed the line from being regulator to manager. We think the question should have been has the Fed devolved from regulator to emotionally-attached hostage. (There’s plenty of evidence for the latter as we’ll explain later in this piece.) The exchange went like this:
HENSARLING: “We’ve had a number of individuals come to our Committee to tell us that Fed officials have regularly attended corporate board meetings of the systemically important financial institutions under the Fed’s purview. Is that true?”
YELLEN: “So, I’m not sure if that’s true…It’s conceivable that that might have occurred. I’m not saying that it did not occur. I’d have to get back to you…”
HENSARLING: “If it did occur, what legal authority would you cite for having employees of the Fed invite themselves into corporate board rooms…”

Many, many problems with Bernanke's book, most of all with something called // honesty \\ !
But, I think I'll leave that explanation to financial investigative journalist, Pam Martens:
http://wallstreetonparade.com/2015/11/ben-bernanke-is-still-keeping-the-secrets-of-the-crash-of-2007-2009/

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