Political Quotes

Michael S. Barr: I think that if we had--if the Federal Government at the time had not taken significant measures, both through the…

On the recordOctober 21, 2009
I think that if we had--if the Federal Government at the time had not taken significant measures, both through the Federal Reserve and the Treasury and the FDIC, to provide liquidity in the system the financial consequences would have been much more severe and lasting.
Said by
Michael S. Barr

Editor's note · Context

Barr emphasizes the importance of government intervention during the financial crisis to prevent severe consequences.

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