Koisuru’s Reviews > Courage to Act: A Memoir of a Crisis and Its Aftermath > Status Update

"The Federal Reserve's response had four main elements: lower interest rates to support the economy; emergency liquidity lending aimed at stabilizing the financial system; rescues (coordinated when possible with the Treasury and the FDIC) to prevent the disorderly failure of major financial institutions; and the stress-test disclosures of banks' conditions (undertaken in conjunction with the Treasury...)"

"Bernanke and Paulson are both focused like laser beams on not making the same mistakes as were made in 1929.... They want to make their own, original, mistakes."