If actions taken by the administration, the Congress and federal government are successful in restoring some measure of financial stability, and only if that is the case, in my view, there is a reasonable prospect that the current recession will end in 2009 and that 2010 will be a year of recovery.
Federal Reserve Chairman Bernanke discusses the potential for recovery if government actions are successful.
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I agree that no individual and no institution should be exempt from paying for crimes that they commit.
I have--you know, it is easy to criticize, but the politics is very difficult.
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.
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