10/06/2016
https://www.congress.gov...
"We have to come to the realization that there is a sea change in what is happening, this is an end of an era, and that we can't reinflate the bubble."
"What do we do now? We are telling consumers to spend and continue the old process. It won't work."
"This whole idea that we can recapitalize markets by merely turning on the printing presses and increasing credit is a total fallacy."
"Now we are suffering the consequences because it is a failed policy, and it is not working at all."