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"This book is shining testimony to preparation meeting opportunity, and every reader should feel lucky. David Wessel, the country's best economics reporter for almost twenty years, wraps his incisive mind and elegant prose around an unfolding catastrophe. It's all here: exclusive interviews, startling disclosures, brilliantly rendered moments of panic and improvisation. But what's amazing is that the book is often witty and poignant, even as it manages, page by page, to make sense of it all. This is the first "must read" book of the great panic.” ~ Ron Suskind, Pulitzer Prize-winning journalist and author of The Price of Loyalty, The One Percent Doctrine, and The Way of the World "David Wessel brings his deep knowledge of the Federal Reserve and US politics and economics to a topic that will be studied by historians for decades to come. His well-written and riveting account should be read by anyone who wants to understand the critical perspective of the key players of America's central bank during the start of the great recession of 2008. No one can understand what happened and what did not happen without reading this book." ~ Joseph E. Stiglitz, author of Globalization and its Discontents and Nobel Prize Recipient in Economic Sciences, 2001 “Few things are as complex as the interaction of the American economy with Wall Street and the federal government. No one is better at clarifying the inner workings of that activity than David Wessel, who here briskly and confidently tells the saga of how the Federal Reserve became in 2008 what he calls ‘the fourth branch of government.” ~ Thomas E. Ricks, author of Fiasco and The Gamble
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