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The courage to act : a memoir of a crisis and its aftermath

In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, the unexpected apex of a personal journey from small-town South Carolina to prestigious academic appointments and finally public service in Washington’s halls of power.rnrnThere would be no time to celebrate.rnrnThe bursting of a housing bubble in 2007 exposed the hidden vulnerabilities of the global financial system, bringing it to the brink of meltdown. From the implosion of the investment bank Bear Stearns to the unprecedented bailout of insurance giant AIG, efforts to arrest the financial contagion consumed Bernanke and his team at the Fed. Around the clock, they fought the crisis with every tool at their disposal to keep the United States and world economies afloat.rnrnWorking with two U.S. presidents, and under fire from a fractious Congress and a public incensed by behavior on Wall Street, the Fed―alongside colleagues in the Treasury Department―successfully stabilized a teetering financial system. With creativity and decisiveness, they prevented an economic collapse of unimaginable scale and went on to craft the unorthodox programs that would help revive the U.S. economy and become the model for other countries.rnrnRich with detail of the decision-making process in Washington and indelible portraits of the major players, The Courage to Act recounts and explains the worst financial crisis and economic slump in America since the Great Depression, providing an insider’s account of the policy response.rnrn16 pages of photographs.

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Location name is not set (2B) 332.11092 BER C
2017-0053
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Series Title
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Call Number
332.11092 BER C
Publisher
New York : .,
Collation
xiv, 610 hlm. : ilus. : 25 cm.
Language
English
ISBN/ISSN
978-0-393-24721-3
Classification
332.11092
Content Type
-
Media Type
-
Carrier Type
-
Edition
-
Subject(s)
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Specific Detail Info
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Statement of Responsibility
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