The Courage to Act: A Memoir of a Crisis and Its Aftermath Audiobook (Free)

In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, the unforeseen apex of an individual trip from small-town South Carolina to prestigious academic appointments and lastly public assistance in Washington’s halls of power.

There will be little time to celebrate.

The bursting of a housing bubble in 2007 exposed the hidden vulnerabilities from the global economic climate, bringing it to the brink of meltdown. From the implosion from the purchase bank Carry Stearns towards the about The Courage to Act: A Memoir of a Crisis and its own Aftermath unparalleled bailout of insurance giant AIG, efforts to arrest the monetary contagion consumed Bernanke and his group at the Given. Night and day, they fought the problems with every device at their removal to keep carefully the United States and world economies afloat.

Dealing with two U.S. presidents, and under fire from a fractious Congress and a public incensed by behavior on Wall Road, the Fed-alongside co-workers in the Treasury Department-successfully stabilized a teetering financial system. With creativeness and decisiveness, they prevented an economic collapse of unimaginable range and went on to build the unorthodox applications that would help revive the U.S. overall economy and be the model for other countries.

Affluent with detail of the decision-making process in Washington and indelible portraits of the main players, The Courage to Act recounts and explains the most severe financial meltdown and financial slump in America since the Great Depression, providing an insider’s account from the policy response.