Steven Mnuchin: “We should work on housing reform such that Fannie Mae and Freddie Mac do not continue in conservatorship for the next 4…”

Let me be clear: That is a false choice. Americans should not have to, and did not have to, choose between quickly getting aid during a crisis and preventing the theft or waste of billions of tax dollars.

I don’t think we’re going to have a recession. I don’t think the outlook looks like we’re going to have a recession.

The reforms would standardize the approach to capital regulation, improve the quality and consistency of bank capital requirements, and level the playing field for U.S. banks.

I very much agree with you and those other experts that more fiscal response is needed.