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Ben Bernanke And The 'Great Panic'

Wall Street Journal economics editor David Wessel's new book, In Fed We Trust: Ben Bernanke's War on the Great Panic, examines the expanding powers of the Federal Reserve in the face of the current economic crisis.

According to Wessel, Fed chairman Ben Bernanke's efforts to head off financial disaster — including the helping the Treasury Department take over Fannie Mae and Freddie Mac — were inspired a belief that "we came very close to Depression 2.0."

Wessel is the author of the Journal's weekly column Capital. He has shared two Pulitzer Prizes for his work: one for a Boston Globe series on the persistence of racism in Boston, and another for his reporting on corporate wrong-doing for the Wall Street Journal.

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SOMOS CONNECTICUT is an initiative from Connecticut Public, the state’s local NPR and PBS station, to elevate Latino stories and expand programming that uplifts and informs our Latino communities. Visit CTPublic.org/latino for more stories and resources. For updates, sign up for the SOMOS CONNECTICUT newsletter at ctpublic.org/newsletters.

SOMOS CONNECTICUT es una iniciativa de Connecticut Public, la emisora local de NPR y PBS del estado, que busca elevar nuestras historias latinas y expandir programación que alza y informa nuestras comunidades latinas locales. Visita CTPublic.org/latino para más reportajes y recursos. Para noticias, suscríbase a nuestro boletín informativo en ctpublic.org/newsletters.

The independent journalism and non-commercial programming you rely on every day is in danger.

If you’re reading this, you believe in trusted journalism and in learning without paywalls. You value access to educational content kids love and enriching cultural programming.

Now all of that is at risk.

Federal funding for public media is under threat and if it goes, the impact to our communities will be devastating.

Together, we can defend it. It’s time to protect what matters.

Your voice has protected public media before. Now, it’s needed again. Learn how you can protect the news and programming you depend on.