Bloomberg.com: U.S.: "“The tragic history of financial crises is a history of failures by governments to act with the speed and force commensurate with the severity of the crisis,” Geithner said.
“If our policy response is tentative and incrementalist, if we do not demonstrate by our actions a clear and consistent commitment to do what is necessary to solve the problem, then we risk greater damage to living standards, to the economy's productive potential, and to the fabric of our financial system,” he said."
Tuesday, January 20, 2009
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