In Fed we trust : Ben Bernanke's war on the great panic / David Wessel.

Format:

Book

Author/Creator:

Wessel, David.

Language:

English

Subjects (All):

Bernanke, Ben.

Board of Governors of the Federal Reserve System (U.S.).

Banks and banking, Central--United States.

Banks and banking, Central.

United States.

Financial crises--United States.

Financial crises.

Monetary policy--United States.

Monetary policy.

Physical Description:

xii, 323 pages ; 24 cm

Edition:

First edition.

Place of Publication:

New York : Crown Business, [2009]

Summary:

In this penetrating look inside the most powerful economic institution in the world, the Federal Reserve, David Wessel illuminates its opaque and undemocratic inner workings, while revealing how its chairman Ben Bernanke led the desperate effort to prevent the world's financial engine from grinding to a halt.

Contents:

Let ol' Lehman go : the pivotal weekend of September 12-14, 2008

"Periodical financial debauches" : the long-forgotten history of the Fed

Age of delusion : what Greenspan wrought

There are Jews in Boston, too : who is Ben Bernanke?

Pas de deux : the great panic begins in August 2007

The four Musketeers : Bernanke's brain trust ; Bernanke, Kohn, Warsh, and Geithner

Re: Re: ... Blue sky : the Fed's first response to the great panic

Running from behind : how the Fed got behind the curve, and how it caught up

"Unusual and exigent" : Bear Stearns, the first rescue

Fannie, Freddie, and "Feddie" : taking over Freddie Mac and Fannie Mae, and pondering next steps

Breaking the glass : the fallout from Lehman and AIG and going to Congress

finally

"Socialism with American characteristics" : forcing taxpayer capital on the banks

World of ZIRP : the Fed gets rates to zero

Did Bernanke kep his promise to Milton Friedman? the early verdict.

Notes:

"How the federal reserve became the fourth branch of government"--Dust jkt.

Includes bibliographical references (pages [277]-302; [307]-308) and index.

ISBN:

9780307459688

0307459683

OCLC:

299706971

Online:

Contributor biographical information

Publisher description