There's a news story out that Fed Chairman Ben Bernanke targets tight bank lending as a key reason for the current unemployment levels.
While I count myself among those who supported the bank and financial industry bailouts, the Bush Administration was caught in their ideology when they made a huge blunder in not being more aggressive in setting requirements on the use of those funds, executive pay caps, and regulation of derivatives. Early in the Obama Administration, Treasury Secretary Geithner announced a plan on setting requirements on those same banks.
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