On the recordFebruary 23, 2009
The worst thing that could happen is if we don't get cooperation from Europe, from Asia.
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congress.govThe worst thing that could happen is if we don't get cooperation from Europe, from Asia.
Bernanke warns about the risks of inadequate global cooperation in financial recovery.
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It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.
an increasing share of losses have arisen from prime mortgages that were originally fully documented with significant downpayments, but have defaulted due to the weak economy and housing markets.
monetary policy is not a panacea, so there is still plenty of room for Congress to address some of these problems