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In FED We Trust: (Record no. 2223)

MARC details
000 -LEADER
fixed length control field 02959nam a22001697a 4500
001 - CONTROL NUMBER
control field 2223
005 - DATE AND TIME OF LATEST TRANSACTION
control field 20240121185627.0
008 - FIXED-LENGTH DATA ELEMENTS--GENERAL INFORMATION
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020 ## - INTERNATIONAL STANDARD BOOK NUMBER
International Standard Book Number 9780307459695
040 ## - CATALOGING SOURCE
Transcribing agency Booku
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number 332 WES
100 ## - MAIN ENTRY--PERSONAL NAME
Personal name David Wessel
245 ## - TITLE STATEMENT
Title In FED We Trust:
Remainder of title Ben Bernanke's War On The Great Panic
520 ## - SUMMARY, ETC.
Summary, etc. “Whatever it takes”<br/><br/>That was Federal Reserve Chairman Ben Bernanke’s vow as the worst financial panic in more than fifty years gripped the world and he struggled to avoid the once a repeat of the Great Depression. Brilliant but temperamentally cautious, Bernanke researched and wrote about the causes of the Depression during his career as an academic. Then when thrust into a role as one of the most important people in the world, he was compelled to boldness by circumstances he never anticipated.
Expansion of summary note The president of the United States can respond instantly to a missile attack with America’s military might, but he cannot respond to a financial crisis with real money unless Congress acts. The Fed chairman can. Bernanke did. Under his leadership the Fed spearheaded the biggest government intervention in more than half a century and effectively became the fourth branch of government, with no direct accountability to the nation’s voters.<br/><br/>Believing that the economic catastrophe of the 1930s was largely the fault of a sluggish and wrongheaded Federal Reserve, Bernanke was determined not to repeat that epic mistake. In this penetrating look inside the most powerful economic institution in the world, David Wessel illuminates its opaque and undemocratic inner workings, while revealing how the Bernanke Fed led the desperate effort to prevent the world’s financial engine from grinding to a halt.<br/><br/>In piecing together the fullest, most authoritative, and alarming picture yet of this decisive moment in our nation’s history, In Fed We Trust answers the most critical questions. Among<br/><br/>• What did Bernanke and his team at the Fed know–and what took them by surprise? Which of their actions stretched–or even ripped through–the Fed’s legal authority? Which chilling numbers and indicators made them feel they had no choice?<br/><br/>• What were they thinking at pivotal moments during the race to sell Bear Stearns, the unsuccessful quest to save Lehman Brothers, and the virtual nationalization of AIG, Fannie Mae, and Freddie Mac? What were they saying to one another when, as Bernanke put it to “We came very close to Depression 2.0”?<br/><br/>• How well did Bernanke, former treasury secretary Hank Paulson, and then New York Fed president Tim Geithner perform under intense pressure?<br/><br/>• How did the crisis prompt a reappraisal of the once-impregnable reputation of Alan Greenspan?<br/><br/>In Fed We Trust is a breathtaking and singularly perceptive look at a historic episode in American and global economic history.
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme Dewey Decimal Classification
Koha item type Book
Suppress in OPAC No
Holdings
Withdrawn status Lost status Source of classification or shelving scheme Damaged status Not for loan Collection Home library Current library Date acquired Source of acquisition Total checkouts Full call number Barcode Date last seen Copy number Price effective from Koha item type
    Dewey Decimal Classification     Business & Finance Booku Library Services Booku Library Services 21/01/2024 Donation   332 WES 9780307459695 21/01/2024 1 21/01/2024 Book
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