Share market advances after bernanke testimony
On the eve of his regular Senate hearing, Treasury Secretary Timothy Geithner gave a powerful speech that highlighted the financial crisis’s impact on the nation. Geithner’s remarks, which came during the end of his three-hour hearing, were peppered with colorful quotes by a range of people, from the bank bailouts to the bailouts to the Federal Reserve’s decision to put the housing market on the verge of a financial crisis. Read more:
Watch Geithner’s speech
How did Obama respond to the crisis?
In the speech, Obama offered a long list of ideas to improve the financial system, including giving smaller banks greater chances of making a profit and making sure that t더킹카지노he government doesn’t interfere with the “too big to fail” aspect of the financial system.
Why isn’t this coming up in the presidential election?
The president and the Democratic Party have not released an alternative plan for what he would have done in his speech. This lack of a campaign-style plan appears to be related우리카지노 to Obama’s reluctance to make broad political points about the crisis, a practice that contributed to Republican nominee Mitt Romney’s win in a landslide.
Do you believe that the financial crisis will be the most important political issue of the current presidential election?
Most likely. Financial markets are more vulnerable and the nation’s unemployment rate is at an all-time high, while the stock market and other important sectors of the economy are in free fall.
What does the future hold for the financial crisis?
It’s likely a long series of episodes involving irresponsible and dangerous derivatives markets will continue for years, and we may never get past the worst days. The banks and the financial markets will continue to get bigger, and the financial markets will continue to get more unstable and unpredictable. And the American economy will continue to slide.
If you were president, what would you have done differently?
If you were a Republican, I think you would have made your tax proposals and a lot of regulatory relief. There is a possibility that the financial crisis will be even bigger, and I wouldn’t want it to be bigger tha우리카지노n it is now. There is no doubt about it.