The most effective way that the Congress could help to support the economy right now would be to work to address the Nation's fiscal challenges in a way that takes into account both the need for long-run sustainability and the fragility of the recovery.
Bernanke emphasizes Congress's role in addressing fiscal challenges for economic support.
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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.
Privatization would solve several problems associated with the current GSE model. It would eliminate the conflict between private shareholders and public policy and likely diminish the systemic risk, as well. Other benefits are that…
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