Overview
The financial crisis of 2007-2008 is considered to be the worst financial crisis ever since the Great
Depression of 1929-1933. Read David Wessel’s book In Fed We Trust and then write a paper (5- 10 pages not including references; maximum 10 pages) based on your review of the book. The following videos FYI:
Paper Format: double spaced with font size 12.
Your paper should include the following key elements.
1) briefly describe the subprime mortgage crisis (the Great Panic);
2) review the Federal Reserve’s reactions and use the theories to
comment on the Fed’s efforts;
3) If you were Bernanke, how would you cope differently with the crisis?
4) What are the lessons you have learned from the crisis and the actions taken by the Fed?
5) Use the APA format for your references.