The Courage to Act

The Courage to Act

A Memoir of A Crisis and Its Aftermath

Book - 2015
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The former chairman of the Federal Reserve documents his rise from a Southern youth to Ivy League professorships prior to the 2007 housing bubble burst, detailing the dramatic efforts to salvage the U.S. economy that made him "Time" magazine's 2009 Person of the Year.
Publisher: New York :, W.W. Norton & Company,, 2015
Edition: First edition
ISBN: 9780393247213
Branch Call Number: ANF 332.11092 BER
Characteristics: 610 pages : illustrations ; 25 cm


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SVICTOR09 Nov 23, 2015

My First Political Science Book....

Nov 04, 2015

Update 11/07/15: All you really need to know about the Fed:
HENSARLING queried if the Fed had crossed the line from being regulator to manager. We think the question should have been has the Fed devolved from regulator to emotionally-attached hostage. (There’s plenty of evidence for the latter as we’ll explain later in this piece.) The exchange went like this:
HENSARLING: “We’ve had a number of individuals come to our Committee to tell us that Fed officials have regularly attended corporate board meetings of the systemically important financial institutions under the Fed’s purview. Is that true?”
YELLEN: “So, I’m not sure if that’s true…It’s conceivable that that might have occurred. I’m not saying that it did not occur. I’d have to get back to you…”
HENSARLING: “If it did occur, what legal authority would you cite for having employees of the Fed invite themselves into corporate board rooms…”

Many, many problems with Bernanke's book, most of all with something called // honesty \\ !
But, I think I'll leave that explanation to financial investigative journalist, Pam Martens:

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