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    The Courage to Act: A Memoir of a Crisis and Its Aftermath
    The Courage to Act: A Memoir of a Crisis and Its Aftermath
    The Courage to Act: A Memoir of a Crisis and Its Aftermath
    Audiobook22 hours

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

    Written by Ben S. Bernanke

    Narrated by Grover Gardner

    4.5/5

    ()

    About this audiobook

    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.

    LanguageEnglish
    PublisherBrilliance Audio
    Release dateOct 5, 2015
    ISBN9781491578049
    The Courage to Act: A Memoir of a Crisis and Its Aftermath
    Author

    Ben S. Bernanke

    Ben S. Bernanke served as chairman of the Federal Reserve from 2006 to 2014. He was named Time magazine’s Person of the Year in 2009. Prior to his career in public service, he was a professor of economics at Princeton University.

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    Reviews for The Courage to Act

    4.5/5

    36 ratings3 reviews

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    • 5/5
      Great book if you don’t make it political. A true hero disciplined in his Field working with his peers to help a whole bunch of people who are to dumb to appreciate what he does.
    • 4/5
      Good book to learn about the perspective of a central banker, more specifically Bernanke. I was not a fan of Bernanke given his uber money printing. But now I have a better understanding about his thought process. I am still not happy with how things turned out but at least through the book I know that central bankers are smart and deliberate to their best abilities. Great book to learn about central bank's decision making process.
    • 5/5
      Oh my God. What a wonderfull, great book. It really tells the story of 2008 subprime crises. Bernanke presents himself as a maestro, and believe, he deserves such a title.