Word: ifs
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If you could go back and tell yourself to not do one thing during the financial crisis, what would that be, and why? -Kathy Ackerman, Minneapolis I've obviously thought about this a lot, and I believe that the major decisions we made were the right ones. But I've...
More than a year after TARP launched, do you think it's working? -Matthew Thacker, Bowling Green, Ohio I believe it is working very well. Remember, the purpose was to stabilize the financial system. If the system had collapsed, we would have had economic Armageddon.
What is the best approach, if there is one, for resolving the "too big to fail" issue? -Lawrence Lin, Taipei If I could boil it down to one recommendation, it is that we need strong resolution authority so that any failing institution can be liquidated in a way that does...
Even where the distribution was going smoothly, overburdened relief workers weren't always able to explain how and when to eat the cookies, officially referred to as biscuits. Some people scarfed down their entire five-pack quota in a single meal, leaving them feeling ill; others thought they should eat...
But as I began to observe firsthand the scope of the devastation, it didn't take long for me to realize my experiment was not bringing me any closer to the Haitians' experience. Even if I were able to approximate the feeling in their bellies, that was nothing compared with...