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intrensic value column. he has written several books including origins of the crash, the end of wall street and tonight s topic of discussion: america s bank he let me know there is a great review of it coming out in the washington post tomorrow so we can read about that tomorrow. he has three children and lives with his wife in newton, massachusetts. please join me in welcoming roger lowenstein. [applause] debra, thanks very much. a wonderful introduction. i am glad i don t have to talk about dinosaurs. i don t know much about that. what i m going to do is mostly talk to you and read you passages as well that i mope high pressure c hope conveys the drama of the story. this was my first history story. it was the most exciting project i have been in. the people i wrote about reminded me of people on the scene and the book is full of stories. last night, anyone who saw the republican debate, you saw rand paul came out against the federal reserve and tasaid ther is n ....
become the adviser and then the transition in your mind to be much more precise how does that workout at home? how did they react to someone who has to talk that way? i a big kiss by my wife to quit talking like that at home. i don t do that necessarily. [laughter] but it understated and that pressure. my home life was a tremendous relief and my wife is good at giving me the oasis or the sanctuary to think about something else for a change. is added page 42 you talk about the bookie were riding with the call that changed your life to be appointed to the federal reserve you were working on a book called the age of delusion how politicians and big ears created the great depression and. what will the next call, what title would they give to a similar book describing the lead up? probably something like asleep at the switch your too complacent now wind of the aspects that they is looked stable overall. with that housing eland mortgage sector but it depended on short ....
Transcripts For CSPAN2 Book Discussion On Americas Bank 20160117 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
Transcripts For CSPAN2 Book Discussion On Americas Bank 20160117 archive.org - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from archive.org Daily Mail and Mail on Sunday newspapers.
support is the committee s outlook, we will likely reduce the securities purchases in further measured steps at future meetings. of course, continued progress is by no means certain. consequently, future be adjustments to the pace of asset purchases will be deliberate and dependent on incoming information. host: so, greg ip of the economist, what does all of that mean to the average american? guest: well, so take the most basic aspect of that. one of the aims of the bond-buying program was to hold down long-term treasury yields. essentially, when you buy a bond, you push up the price, and that pushes down the interest rate on it, and because mortgage rates are usually linked closely to 3w07bd yield, the more are bought, the more it held down interest rates. over the last eight months as the market became aware the federal reserve pulled back on this program, we saw some rebound in mortgage interest rates. what mr. bernanke hope is the that by gradually continuing ....