The Courage to Act

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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. New Download The Courage to Act [ author ] Ben S. Bernanke [ Kindle ePUB or eBook ] – kino-fada.fr Presumably The Courage to Muddle Through, Cover Your Backside and Look After Your Mates A Memoir of Crony Capitalism and Its Successes was too long a title to fit on the cover.Straightforward summary of the events immediately before and after the 2008 economic crash Bernanke presents his perspective on, and justification of, the Federal Reserve s actions, and lists his own faults and areas of needed improvement e.g Lehman Brothers could not have been saved, the AIG bonus debacle He is generally kind and respectful to the other personalities that he worked with, but also takes care to distance himself from Greenspan s libertarianis...So the central banker who defined this recent era of QE finally gets around to writing about the crisis Paulson s book is gathering dust on my shelf Geithner s I gave a miss Bernanke s I had to read I wanted to read his view on how the crisis came about.We are not lacking for theories of how we ended up here.1 A popular view is to blame it on free market hubris The names of Ronald Reagan, Francis Fukuyama and Bob Rubin come up a lot, with a dash of Sandy Weill and Larry Summers thrown in So the central banker who defined this recent era of QE finally gets around to writing about the crisis Paulson s book is gathering dust on my shelf Geithner s I gave a miss Bernanke s I had to read I wanted to read his view on how the crisis came about.We are not lacking for theories of how we ended up here.1 A popular view is to blame it on free market hubris The names of Ronald Reagan, Francis Fukuyama and Bob Rubin come up a lot, with a dash of Sandy Weill and Larry Summers thrown i...This is an in depth look at the Great Recession of the early 2000 s, and how the Feds and financial institutions averted or avoided economic disaster Yes, it could have been a whole lot worse Since Bernanke has...I enjoyed getting the inside view point and information about the recent financial crisis Bernanke describes the struggle of policy makers at the Federal Reserve and Department of Treasury Bernanke shows what it was like to develop a plan while the data is uncertain and the political environment is treacherous.Bernanke tells of his early life growing up in a small town in South Carolina, and his academic studies of the Great Depression Bernanke went on to be a Professor of Economics at Prince I enjoyed getting the inside view point and information about the recent financial crisis Bernanke describes the struggle of policy makers at the Federal Reserve and Department of Treasury Bernanke shows what it was like to develop a plan while the data is uncertain and the political environment is treacherous.Bernanke tells of his early life growing up in a small town in South Carolina, and his academic studies of the Great Depression Berna...One ironic effect of Ben Bernanke s success increasing transparency at the Federal Reserve is that it makes his book less than thrilling Throughout his eight years as chairman, Bernanke made a real effort to explain to the public, through press conferences, Sixty Minutes interviews, and congressional hearings, what the Fed was doing and why it was doing it Unlike his predecessor, Alan Greenspan, Bernanke trafficked in plain English and concrete explanations of complex monetary policies We alr One ironic effect of Ben Bernanke s success increasing transparency at the Federal Reserve is that it makes his book less than thrilling Throughout his eight years as chairman, Bernanke made a real effort to explain to the public, through press conferences, Sixty Minutes interviews, and congressional hearings, what the Fed was doing and why it was doing it Unlike his predecessor, Alan Greenspan, Bernanke trafficked in plain English and concrete explanations of complex monetary policies We already know much of what went on during the crisis because Bernanke was kind enough to tell us.The best parts of the book, therefore, describe Bernanke s life before the Fed He describes how he worked his way from the son of a small town Southern pharmacist, waiting tables at the notorious South Carolina highway tourist trap South of the Border, up to Harvard undergrad The small ...The man who saved America from a DepressionThis book is a seminar on how the modern financial system works, fails and most importantly how to rescue it We are lucky as a nation that the man at the head of Federal Reserve was a scholar expert in the failures that led to the great 1930 s Depression All banking systems suffer from one great weakness They borrow short and lend long If you do not understand that simple sentence then you need to read this book Also our financial system exists i The man who saved America from a DepressionThis book is a seminar on how the modern financial system works, fails and most importantly how to rescue it We are lucky as a nation that the man at the head of Federal Reserve was a scholar expert in the failures that led to the great 1930 s Depression All banking systems suffer from one great weakness They borrow short and lend long If you do not understand that simple sentence then you need to read this book Also our financial system exists in a web of laws enacted over time by congressional committees which requires enlisting the cooperation of both ...I started reading this before the election, and it was painful to continue of once it became apparent that men and women like him would not be assuming the responsibilities of office for the next four years Bernanke is not a great writer, but his Dad like qualities the sense of responsibility, the eagerness to focus on substance, his awkward efforts to present human interest elements, etc are endearing His greatest professional strengths are his willingness to focus on the lessons of prio I started reading this before the election, and it was painful to continue of once it became apparent that men and women like him would not be assuming the responsibilities of office for the next four years Bernanke is not a great writer, but his Dad like qualities the sense of responsibility, the eagerness to focus on substance, his awkward eff...Definitely not an easy read but very thoughtful and insightful.You re my boy, Ben

The Courage to Act
  • 02 August 2018
  • Paperback
  • 640 pages
  • 0393353990
  • Ben S. Bernanke
  • The Courage to Act