On the recordFebruary 28, 2011
I can say that, yes.
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congress.govI can say that, yes.
Bernanke confirms no quantitative easing for States or buying State debt.
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the unemployment rate right now is not a very good measure by itself of the economy.
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.