2 results for "Banking"

The courage to act: a memoir of a crisis and its aftermath

Bernanke, Ben
In 2006, Ben S. Bernanke was appointed chair of the Federal Reserve, capping a meteoric trajectory from a rural South Carolina childhood to professorships at Stanford and Princeton, to public service in Washington's halls of power. There would be no time to celebrate, however -- the burst of the housing bubble in 2007 set off a domino effect that would bring the global financial system to the brink of meltdown. Here, Ben Bernanke pulls back the curtain on the tireless and ultimately successful efforts to prevent a mass economic failure. Working with two U.S. presidents and two Treasury secretaries, Dr. Bernanke and his colleagues used every Fed capability, no matter how arcane, to keep the U.S. economy afloat. From his arrival in Washington in 2002 and his experiences before the crisis, to the intense days and weeks of the crisis itself, and through the Great Recession that followed, Dr. Bernanke gives readers a unique perspective on the American economy.
W.W. Norton & Company 2015-10-06 610 pages

Towers of Gold: how one Jewish immigrant named Isaias Hellman created California

Dinkelspiel, Frances
Isaias Hellman, a Jewish immigrant, arrived in California in 1859 with little money in his pocket and his brother Herman by his side. By the time he died, he had effectively transformed Los Angeles into the modern metropolis we see today. In Frances Dinkelspeil's groundbreaking history, the early days of California are seen through the life of a man who started out as a simple store owner only to become California's premier money man of the late 19th and early 20th centuries. Growing up as a young immigrant, Hellman quickly learned the use to which capital could be put, founding Los Angeles's Farmers and Merchants Bank, that city's first successful bank, and transforming Wells Fargo into one of the West's biggest financial institutions. He invested money with Henry Huntington to build trolley lines, lent Edward Doheny the funds that led him to discover California's huge oil reserves, and assisted Harrison Gray Otis in acquiring full ownership of the Los Angeles Times. Hellman led the building of Los Angeles's first synagogue, the Wilshire Boulevard Temple, helped start the University of Southern California, and served as Regent of the University of California. His influence, however, was not limited to Los Angeles. He controlled the California wine industry for almost 20 years, and after San Francisco's devastating 1906 earthquake and fire, calmed the financial markets there in order to help that great city rise from the ashes. With all of these accomplishments, Isaias Hellman almost single-handedly brought California into modernity --
St. Martin's Press 2008 376 pages