The Courage to Act by Ben S. Bernanke audiobook
Reissue

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

By Ben S. Bernanke
Read by Grover Gardner

Brilliance Audio

Unabridged

Format : Library CD (In Stock)
  • ISBN: 9781536667547

  • ISBN: 9781536667547

Runtime: 22.57 Hours
Category: Nonfiction/Business & Economics
Audience: Adult
Language: English

Summary

Summary

A New York Times bestseller

An Amazon.com bestseller

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.

Editorial Reviews

Editorial Reviews

“Revelatory…the book sheds light on many of the smaller dramas that hang over this crucial period of world economic history.” New York Times
“A careful, detailed, and exceptionally clear justification for the Fed’s aggressive actions to avert another Great Depression and resuscitate the American economy.” Washington Post
“Bernanke’s insights are instructive about what went wrong and how to keep it from happening again.” Los Angeles Times
“Undoubtedly the best account we will ever have of how government and financial institutions dealt with what has come to be known as the Great Recession.” New York Times Book Review

Reviews

Reviews

Author

Author Bio: Ben S. Bernanke

Author Bio: Ben S. Bernanke

Titles by Author

Details

Details

Available Formats : CD, Library CD
Category: Nonfiction/Business & Economics
Runtime: 22.57
Audience: Adult
Language: English