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"Of the many accounts of the financial crisis of 2007-2009, this is by far the best...Bernanke's memoir is a crucial document of records that will be invaluable to future historians. As far as any memoir can be, it is an honest and accurate account."
--Mervyn King, Prospect"It was Ben Bernanke, not Gordon Brown, who steered us through the 2008 financial meltdown...the book's most interesting chapters are those that deal with the crisis...Above all, [Bernanke] exuded calm, even when there was plenty of inner turmoil. The calmness comes over in this book, and so does plenty of the turmoil." -- The Sunday Times
"The most thorough and persuasive explanation yet...gripping"
--The Independent"Bernanke does a superb job of channelling the emotions and duties he experienced during his rookie season as Fed Chief...Bernanke appears honest and sincere throughout his memoir...[he] elicits admiration for his efforts and sympathy for his shortcomings in this memoir, reminding readers that, ultimately, his mission and wishes at the helm of the Federal Reserve were to best serve the American people." --- London School of Economics
"[Bernanke's] defence of the Fed against its critics is compelling." --Financial Times, Best Books of 2015
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Descrizione libro Hardcover. Condizione: New. Illustrated. A New York Times BestsellerAn unrivaled look at the fight to save the American economy.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 Washingtons 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 insiders account of the policy response. 16 pages of photographs. Codice articolo DADAX039324721X
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