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NYT's 100 Notable Books of 2009

David Wessel: Ben Bernanke vs. the Great Panic

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thepian Avatar
thepian
Posts: 11
Posted: 12.15.10, 08:25 PM
What is this guy smoking?

Just admit that you were wrong, and that the banking system needs some serious rethink.
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turbobrain Avatar
turbobrain
Posts: 9
Posted: 11.12.09, 12:28 AM
This guy is defending the FED and good old Ben. Exercise caution. The FED simply has to be held accountable by Congress!
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phiscal Avatar
phiscal
Posts: 78
Posted: 10.04.09, 09:20 PM
David Wessel has redeemed himself a bit in my eyes. He brings a very decided political attitude to his everyday journalistic work.

In this presentation, and presumably the book, he is reasonably well balanced. Nonetheless, he retains the very conventional bias toward the preserving the status quo, i.e. his endorsement of deposit insurance on the grounds that saves depositors from having to perform any due diligence on the banks with which they trust their money.

Such policies are pushing another key institution to failure - the US taxpayer.
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PwlM Avatar
PwlM
Posts: 5
Posted: 10.03.09, 09:06 PM
Please check this
http://www.youtube.com/watch?v=jj8rMwdQf6k
Peter Schiff - Mortgage Bankers Association Speech from 2006. He precisely described how this crisis would unfold. So its not like everybody was clueless about it.
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