Two different Quotes, two different people:
Treasury Secretary Timothy Geithner in response to his releasing the details behind the US governments latest attempt at rescuing the US financial sector.
From How Government Created the Financial Crisis, written by Economist John Taylor (The Taylor Rule).
From TAF, to TARP, to TALF, and whatever is next, the only thing that is clear to me is how unclear the US government has been in its dealing with its current financial/economic mess.
What a mess…
JJ
"We are not going to put out the details, until we get it right"
Treasury Secretary Timothy Geithner in response to his releasing the details behind the US governments latest attempt at rescuing the US financial sector.
"Massive responses with little explanation will probably make things worse. That is the lesson from this crisis so far."
From How Government Created the Financial Crisis, written by Economist John Taylor (The Taylor Rule).
From TAF, to TARP, to TALF, and whatever is next, the only thing that is clear to me is how unclear the US government has been in its dealing with its current financial/economic mess.
What a mess…
JJ
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