SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : President Barack Obama
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: koan who wrote (68842)1/26/2010 8:31:11 PM
From: tejek  Read Replies (1) of 149317
 
Here is what Stiglitz is saying. We are in a very serious recession. The fed could have sanctioned/ordered banks to refinance mortgages and help with payments and funneled part of the 14 trillion they gave to the banks through the middle class.

That's not a power the fed has. Emergency powers would have to have been mandated. It would never have happened....the screaming would be heard from coast to coast.

When you're an economist, its easy to say what you think will cure a problem but oftentimes their suggestions are not practical and/or politically acceptable.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News