Dec 9, 2008

Neel Kashkari on stemming the credit crisis

Over the last 15 months or 18 months of the credit crisis it’s only gotten deeper, it’s only gotten more severe. And I would rather be on our front foot, going after the problem aggressively with new programmes, trying to be creative, trying new things, rather than just sitting back and saying, ‘Let’s just let it happen and see what happens, see if the system collapses.’

~ Neel Kashkari, oversees the US Treasury’s $700 billion financial-rescue plan, "Kashkari defends $700-billion financial rescue plan," Bloomberg, December 8, 2008

1 comment:

TAYLOR said...

All doctors everywhere should heed this man's brilliant advice.

"Well, looks like you have cancer of the lung... not sure what to do, but I don't want to just sit here and see if you die from it, so... let's amputate your leg and see how we do with that for starters..."