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5.0 out of 5 stars What the Fed did to contain the Financial Crisis, 29 May 2013
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This review is from: The Federal Reserve and the Financial Crisis (Hardcover)
It is short and succinct, well written. This book is not polemical. It deals with a practical situation and describes it effectively. Whilst one might disagree with the policies and/or the supervision of the Federal Reserve over the megabanks in the United States or otherwise this book is well worth reading. It is a good illustration of less is more. It also deals with what actually happened and contains plenty of data. Of course one must not allow oneself to be the subject of regulatory capture through reading Chairman Bernanke's words but this book does allow us to see how Banks avoided regulation in certain areas. It touches upon how megabanks are effectively subsidised by the taxpayers without actually saying it. It explores, to some extent, how high risk has been and still is effectively subsidised by tax payers and touches upon how this may be avoided. A good read if the subject is of interest to you.
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