false http://photo.goodreads.com/books/1255577670m/6569694.jpg 6569694 2 For more than 20 years David Wessel has been <i>The Wall Street Journal</i>’s insider at the Federal Reserve, with continual access not only to Fed Chairmen Greenspan and Bernanke, but also to other Fed governors, policy-makers, and staffers. While the Constitution specifies three coequal branches of government, over the past three decades a fourth branch has emerged, the Federal Reserve. The single most important economic institution in the world, the Fed steers the $13 trillion dollar American economy by printing money and influencing the price of credit. In stable times it has a powerful yet unseen effect on the day-to-day life of every person in the world. But when things hit the fan–as they did in 2007 and 2008–the Fed is huge. It has great power, yet it is a distinctly undemocratic institution. Explaining both what happened and why it happened during the great panic of 2008, David Wessel provides new insight into how the Fed really works–and the fears Bernanke and other key players dealt with as the economic car was about to go off the cliff. “What if we get it wrong, as we did in the Depression? Then what?” Wessel shows the lightbulbs illuminating as they realized how much worse things were as each day passed. In <i>FED We Trust</i> is a breathtaking and singularly perceptive look at a historic episode in American and global economic history. 6762720 4 8 2009 In FED We Trust: Ben Bernanke's War on the Great Panic total:30|5:6|4:14|3:10|2:0|1:0| 30 116 115 12 3 0 false false Thu Oct 01 00:00:00 -0700 2009 Fri Sep 25 15:23:41 -0700 2009 Thu Oct 01 18:05:28 -0700 2009 more...]]> 4 0 false false Sat Sep 26 00:00:00 -0700 2009 Wed Sep 09 14:22:49 -0700 2009 Sat Sep 26 19:07:00 -0700 2009 more...]]> 3 0 false false Mon Oct 12 00:00:00 -0700 2009 Fri Oct 16 15:48:24 -0700 2009 Fri Oct 16 15:53:54 -0700 2009 more...]]> 4 0 false false Tue Sep 08 00:00:00 -0700 2009 Fri Aug 21 05:05:27 -0700 2009 Sun Sep 13 20:20:01 -0700 2009
The author, David Wessel, is perhaps too kind to Ben Bernanke and Timothy Geithner, but he has Hank Paulson spot-on. Bernanke is the nimble, intellectually audacious former economics professor f...more...]]> 4 0 false false Tue Oct 13 00:00:00 -0700 2009 Tue Oct 06 23:39:05 -0700 2009 Tue Oct 13 23:56:41 -0700 2009 more...]]> 4 0 false false Thu Aug 27 00:00:00 -0700 2009 Fri Aug 07 14:07:42 -0700 2009 Thu Aug 27 04:36:34 -0700 2009 more...]]> 0 0 false false Fri Oct 23 00:00:00 -0700 2009 Wed Oct 14 12:47:21 -0700 2009 Wed Oct 14 12:53:47 -0700 2009 1 3 0 false false Fri Nov 13 04:18:43 -0800 2009 Fri Nov 13 04:21:51 -0800 2009 0 0 false false Tue Jul 21 09:49:12 -0700 2009 Tue Jul 21 09:58:11 -0700 2009 David Wessel’s new book “In Fed We Trust” is essential, lucid — and, it turns out, riveting — reading]]> 5 0 false false Tue Oct 06 00:00:00 -0700 2009 Sat Sep 12 11:02:56 -0700 2009 Tue Oct 06 21:26:00 -0700 2009 5 0 false false Wed Oct 14 00:00:00 -0700 2009 Thu Sep 24 12:37:55 -0700 2009 Wed Oct 14 10:11:20 -0700 2009 3 0 false false Sun Nov 01 00:00:00 -0700 2009 Tue Oct 20 16:17:30 -0700 2009 Tue Oct 20 16:17:36 -0700 2009 0 0 false false Sat Nov 28 13:26:51 -0800 2009 Sat Nov 28 13:26:51 -0800 2009 0 0 false false Fri Nov 27 13:54:22 -0800 2009 Fri Nov 27 13:54:22 -0800 2009 3 0 false false Fri Nov 27 07:51:22 -0800 2009 Fri Nov 27 07:51:22 -0800 2009 0 0 false false Thu Nov 26 17:50:21 -0800 2009 Thu Nov 26 17:50:21 -0800 2009 0 0 false false Wed Nov 25 09:43:00 -0800 2009 Wed Nov 25 14:16:31 -0800 2009 0 0 false false Mon Nov 23 15:49:56 -0800 2009 Mon Nov 23 15:50:07 -0800 2009 0 0 false false Mon Nov 16 01:34:19 -0800 2009 Mon Nov 16 01:34:19 -0800 2009 0 0 false false Sat Nov 14 22:41:12 -0800 2009 Sat Nov 14 22:41:12 -0800 2009 http://www.goodreads.com/book_link/follow/8?book_id=6569694