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“...gives a revealing blow-by-blow account of the recent financial crisis”
—David Brooks, The New York Times
“...essential, lucid—and, it turns out, riveting—reading."
—Michiko Kakutani, The New York Times
“...a tale that’s nothing short of hair-raising..reveals in scary detail how unprepared politicians and regulators truly were...”
—Paul M Barrett, The New York Times Book Review
“Wessel delivers an engrossing account of Bernanke's improvisational responses to the worst financial crisis since the Great Depression.”
“... so far the most entertaining and most readable book on the financial crisis.”
—Tyler Cowen, marginalrevolution.com
“...persuasively told and richly reported... It will win awards and inspire copycats.”
"David Wessel brings his deep knowledge of the Federal Reserve and U.S. politics and economics to a topic that will be studied by historians for decades to come...No one can understand what happened and what did not happen without reading this book."
–Joseph E. Stiglitz, winner of the Nobel Prize in economics and author of Globalization and its Discontents
From the Hardcover edition.
DAVID WESSEL is the economics editor of The Wall Street Journal and writes the Capital column, a weekly look at the forces shaping living standards around the world. David has shared two Pulitzer Prizes, one for Boston Globe stories in 1983 on the persistence of racism in Boston and the other for stories in The Wall Street Journal in 2002 on corporate wrongdoing. He appears frequently on National Public Radio and is a regular on PBS’s Washington Week.
From the Hardcover edition.
This book is written like an extended WSJ article. Very easy to read and follow. If you want an institutional look at the 2008 Economic crisis, this is the book to read.Published 20 months ago by Todd M.
A good summary of all that went on at the Fed and Treasury during the great crisis, in typical, easily-understood Wessel style. Read morePublished on June 30, 2013 by Mark Gerboth
Another lesson in government ineptness and the culture of nepotism at the very highest levels. This very small group of people control our very existence!Published on May 2, 2013 by Peter Beagan
The item was "new", as stated in the item description. There were no marks or highlighted portions within the book that I noticed. Read morePublished on January 14, 2013 by Josh Frady
We all need to study the federal government and bne interested in Washington DC
I am ashamed that I have not finished reading but it is a good resource for when you have... Read more
The author tells the story of the Great Panic well and his use of Bernanke's Dashboard throughout (which gives, among other things, the share price of Citi, unemployment rate,... Read morePublished on June 19, 2012 by Alex
Ignore the political/conspiracy oriented reviews. This is a book with a lot of great background and access about how the Fed actually operates, and is very good for both... Read morePublished on June 1, 2012 by T. Rex
Excellent book describing the career paths of Bernanke, Geithner, and Paulson, and the inner workings of The Fed, leading up to and during the financial crisis of 07-08. Read morePublished on February 18, 2012 by lakeqi