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The Courage to Act: A Memoir of a Crisis and Its Aftermath

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Average Rating
Publisher:
W. W. Norton & Company
Pub. Date:
2015
Language:
English
Description
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.There would be no time to celebrate.The 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.Working 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.Rich 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.
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ISBN:
9780393247220
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Grouping Information

Grouped Work IDfd38ae7b-9170-1162-fc78-91c5bbb4cf1d
Grouping Titlecourage to act a memoir of a crisis and its aftermath
Grouping Authorben s bernanke
Grouping Categorybook
Grouping LanguageEnglish (eng)
Last Grouping Update2020-09-21 04:16:56AM
Last Indexed2020-09-21 04:42:09AM
Novelist Primary ISBNnone

Solr Details

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authorBen S. Bernanke
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A New York Times Bestseller

"A fascinating account of the effort to save the world from another [Great Depression]. . . . Humanity should be grateful."—Financial Times

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.

There would be no time to celebrate.

The 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.

Working 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.

Rich 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.

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title_displayThe Courage to Act A Memoir of a Crisis and Its Aftermath
title_fullThe Courage to Act A Memoir of a Crisis and Its Aftermath
title_shortThe Courage to Act
title_subA Memoir of a Crisis and Its Aftermath
topic_facetBiography & Autobiography
Business
Nonfiction
Politics