That jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will not just be able to recover in a normal, healthy way, no matter what other policies are taken.
Ben Bernanke warns of the dire consequences if action is not taken quickly regarding the economic crisis.
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I agree that no individual and no institution should be exempt from paying for crimes that they commit.
To promote economic growth in the longer term, and to preserve economic and financial stability, fiscal policy makers will have to put the Federal budget on a sustainable long-run path.
Dodd-Frank is a very big, complicated piece of legislation in an area proving difficult is the push-out provision for derivatives.
We haven't had the recovery we would like, but certainly, monetary policy has contributed to growth and reduction of unemployment in the last 3 years.
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