Authors@Google: David Wessel - "In Fed We Trust"

David Wessel visits Google's Mountain View, CA headquarters to present his book "In Fed We Trust: Ben Bernanke's War on the Great Panic". This event took place on September 23, 2009, as part of the Authors@Google series.

For more than twenty years David Wessel has been The Wall Street Journals insider at the Federal Reserve, the ultimate protector of the financial system on which the entire economy relies. With continual access to its chairmen, governors, policy makers, and staffers, Wessel has an insiders view of the biggest ongoing story of our time. IN FED WE TRUST: Ben Bernankes War on the Great Panic is Wessels authoritative and penetrating account of what Fed chairman Bernanke and his team knew (and when), what took them by surprise, what they were thinking at critical moments as they labored to prevent economic calamity, and more.

Race and the Subprime Crisis: The Future of Minority Neighborhoods

Some critics blame the Community Reinvestment Act for the mortgage meltdown that prompted the current deep recession. Others point to the abuses of subprime lending and Wall Street manipulation. Yet questions about the impact of the economic collapse on African American communities—and about the future of neighborhood stability, consumer access to credit, and the role of race in public policy—remain unanswered. As the federal government acts to reverse the economy's decline, what have we learned, and what does the future hold?

These are some of the issues that will be covered in the Milano and the Center for New York City Affairs 2009 Nathan W. Levin Lecture.

Featuring a keynote by Hon. Maxine Waters, U.S. Representative (D-Calif.)

And a discussion with: James Carr, COO, National Community Reinvestment Coalition.
Sarah Ludwig, Executive Director, NEDAP.
Louis Prezeau, President & CEO, City National Bank.

Moderated by: Darrick Hamilton, Assistant Professor, Milano The New School for Management and Urban Policy.

Established in 1989 in honor of the late Nathan Levin, a trustee and acting president of The New School, the Levin Lecture explores the issues of race, poverty, and public policy.

This event is made possible thanks to the generous support of the Federal Home Loan Bank of San Francisco.

A Video Explanation of Subprime

Subprime from Marketplace on Vimeo.

The Federal Housing Administration is being criticized for underwriting subprime loans, which critics say could lead to another wave of loan failures. Senior Editor Paddy Hirsch explains subprime lending and its inherent risks.