In FED We Trust giá ưu đãi

This is an excellent book that strikes a nearly perfect balance between analysis and exposition. What it may lack in immediacy, it more than makes up for in depth.

This book is fine as long as you’re interested in a blow-by-blow account of the latest financial crisis and how major decision-makers dealt with it. What you won’t find is much in the way of in-depth, or even shallow, background or analysis. This book would be well supplemented by another book (I’m sure several are in the pipeline by other authors) that provides such background and analysis.

The book gives the chronological order of the Fed’s response to The Great Panic: it rescued Bear, not Lehman for lack of a Plan B when there was no buyer, the AIG fiasco and everything else. Wessel says the Fed, with its huge staff of PhD economists and insider connections, didn’t understand AIG. Perhaps it is too disturbing to contemplate whether the Fed understood AIG’s situation.

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.