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

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

5.0 1
by Ben S. Bernanke
 

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ISBN-10: 039324721X

ISBN-13: 9780393247213

Pub. Date: 10/05/2015

Publisher: Norton, W. W. & Company, Inc.

Ben S. Bernanke’s rise to chair of the Fed, the massive financial crisis, and the Fed’s bold and effective response.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.

Overview

Ben S. Bernanke’s rise to chair of the Fed, the massive financial crisis, and the Fed’s bold and effective response.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.In The Courage to Act, Bernanke pulls back the curtain on his efforts to prevent a mass economic failure, working with two U.S. presidents and using every Fed capability, no matter how arcane, to keep the U.S. economy afloat. His experiences during the initial crisis and the Great Recession that followed give readers an unequaled perspective on the American economy since 2006, and his narrative will reveal for the first time how the creativity and decisiveness of a few key leaders prevented an economic collapse of unimaginable scale.

Product Details

ISBN-13:
9780393247213
Publisher:
Norton, W. W. & Company, Inc.
Publication date:
10/05/2015
Pages:
624
Sales rank:
180,671
Product dimensions:
6.30(w) x 9.40(h) x 2.10(d)

Table of Contents

Author's Note vii

Prologue I Can Still Stop This … ix

Part I Prelude

Chapter 1 Main Street 3

Chapter 2 In the Groves of Academe 21

Chapter 3 Governor 43

Chapter 4 In the Maestro's Orchestra 66

Chapter 5 The Subprime Spark 82

Chapter 6 Rookie Season 107

Part II The Crisis

Chapter 7 First Tremors, First Response 133

Chapter 8 One Step Forward 159

Chapter 9 The End of the Beginning 176

Chapter 10 Bear Stearns: Before Asia Opens 198

Chapter 11 Fannie and Freddie: A Long, Hot Summer 226

Chapter 12 Lehman: The Dam Breaks 248

Chapter 13 AIG: "It Makes Me Angry" 270

Chapter 14 We Turn to Congress 292

Chapter 15 "Fifty Percent Hell No" 314

Chapter 16 A Cold Wind 336

Chapter 17 Transition 356

Chapter 18 From Financial Crisis to Economic Crisis 385

Part III Aftermath

Chapter 19 Quantitative Easing: The End of Orthodoxy 415

Chapter 20 Building a New Financial System 435

Chapter 21 QE2: False Dawn 467

Chapter 22 Headwinds 497

Chapter 23 Taper Capers 534

Epilogue: Looking Back, Looking Forward 565

Afterword to the Paperback Edition 581

Acknowledgments 595

A Note On Sources 599

Selected Bibliography 603

Index 605

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The Courage to Act: A Memoir of a Crisis and Its Aftermath 5 out of 5 based on 0 ratings. 1 reviews.
Anonymous More than 1 year ago