David Wessel – In Fed We Trust

When the financial crisis of last year started to spiral down, what did Federal Reserve Chairman Ben Bernanke and his team know and what surprised them as they worked to prevent Depression 2.0? Why were some banks saved and some allowed to fail? We ask these questions to our guest, David Wessel, who has been following the Fed for over twenty years. He has written a new book about the Fed’s response to the economnic meltdown of 2009 called, “In Fed We Trust: Ben Bernanke’s War on the Great Panic.” Listen to the mp3