Kent Conrad actually said...

If the first $350 billion had not gone out, I believe the financial system would be in collapse today.

Conrad emphasizes the importance of initial financial aid to prevent economic collapse.

01/07/2009

More Kent Conrad Quotes

There are more cuts coming. I mean, you can write it down. It is going to happen.

The Fed's job is to get that down, and that resulted in this monetary policy that is a huge Hail Mary pass.

It would be better if we had had more fiscal space coming out of the last boom.

This is a very bad place to be.