The unemployment rate is very high, and it is a tremendous problem, and it obviously means a lot of hardship for a lot of people.
Editor's note · Context
Bernanke acknowledges the severity of the unemployment crisis.
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The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
The economy needed help from Congress, if not from additional spending on roads and bridges, for example, then at least in areas such as retraining unemployed workers.
Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
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…





