The Tarnished Fed: Behind Closed Doors: Forty Years of Successes, Failures, Mystique, and Humor

Most of the books that have been written about the Federal Reserve System deal strictly with monetary policy. Yet according to Jim Kudlinski, monetary policy accounts for only 17 percent of what the Fed actually does. The other 83 percent of the Fed's work has remained a mystery until the release of this book. Kudlinski takes the reader on a forty-year journey inside the inner workings of one of our most powerful institutions. The author also examines the Fed's unusual decision-making structure, revolutionary changes with huge impacts, current chairman Ben Bernanke, and gives us the truth about the S&L crisis and the subprime mortgage mess.