The Fed and the Credit Crisis

This work explores how the US Federal Reserve reacted to the financial crisis of 2008. Corder (political science, Western Michigan U.) discusses why the Fed failed to anticipate and manage the crisis in its early stages, the actions it did eventually take, and how those actions are likely to affect the mission and performance of the Fed in relation to housing finance reform and financial regulatory reform. He has organized the discussion around five sets of policies: mortgage origination, securitization and structured finance, systemic risk, lending and credit facilities, and monetary policies. Annotation 穢2012 Book News, Inc., Portland, OR (booknews.com)