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In Fed we trust : Ben Bernanke's war on the great panic / David Wessel.

Author: Wessel, David.

Edition Statement:1st ed.

Imprint:New York : Crown Business, c2009.

Descriptionxii, 323 p. ; 24 cm.

Note:"How the federal reserve became the fourth branch of government"--Dust jkt.

Note:Let ol' Lehman go : the pivotal weekend of September 12-14, 2008 -- "Periodical financial debauches" : the long-forgotten history of the Fed -- Age of delusion : what Greenspan wrought -- There are Jews in Boston, too : who is Ben Bernanke? -- Pas de deux : the great panic begins in August 2007 -- The four Musketeers : Bernanke's brain trust ; Bernanke, Kohn, Warsh, and Geithner -- Re: Re: ... Blue sky : the Fed's first response to the great panic -- Running from behind : how the Fed got behind the curve, and how it caught up -- "Unusual and exigent" : Bear Stearns, the first rescue -- Fannie, Freddie, and "Feddie" : taking over Freddie Mac and Fannie Mae, and pondering next steps -- Breaking the glass : the fallout from Lehman and AIG and going to Congress--finally -- "Socialism with American characteristics" : forcing taxpayer capital on the banks -- World of ZIRP : the Fed gets rates to zero -- Did Bernanke kep his promise to Milton Friedman? the early verdict.

Bibliography Note:Includes bibliographical references (p. [277]-302; [307]-308) and index.



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Author:
Wessel, David.
Subject:
Bernanke, Ben.
Subject:
Board of Governors of the Federal Reserve System (U.S.)
Financial crises -- United States.
Banks and banking, Central -- United States.
Monetary policy -- United States.