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First Responders cover art

First Responders

Written by: Ben S. Bernanke - editor, Timothy F. Geithner - editor, Henry M. Paulson Jr. - editor, J. Nellie Liang - editor
Narrated by: Christopher Grove
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Publisher's Summary

In 2008, the world's financial system stood on the brink of disaster. The United States faced an unprecedented crisis when the investment bank Lehman Brothers collapsed, setting off a global panic. Faced with the prospect of a new Great Depression, the Treasury Department, the Federal Reserve, the Federal Deposit Insurance Corporation, and other agencies took extraordinary measures to contain the damage and steady the financial system and the economy.

Edited by three of the policymakers who led the government's response to the crisis, with chapters written by the teams tasked with finding policy solutions, this book provides a comprehensive accounting of the internal debates and controversies surrounding the measures that were taken to stabilize the financial system and the economy. Offering previously untold insight into the key choices (including rejected options) and a frank evaluation of successes and failures, this volume is both an important historical document and an indispensable guide for confronting future financial calamities.
©2020 Ben S. Bernanke, Timothy F. Geithner, and Henry M. Paulson, Jr. (P)2020 Tantor
Public Policy Economics United States 21st Century
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Glorious detail

If you’re looking for an introduction or overview of the GFC then this isn’t the book for you. This book delves into the details of the decision making and structure of the various programs and policy measures that defined the crisis response in the United States. The lessons learned at the end of each chapter provide great takeaways for anyone so wonkishly inclined.

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