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CSPAN Key Capitol Hill Hearings November 5, 2013

Conditions, they do not seem that good. The Unemployment Rate is still high and we have not had growth for long time and it is hard to dispute that that is true. It is hard to figure out what else would we have done, how would we do that . Lets take this ontologically and it would be more fun to have you talk about what the Bush Administration did. Of 2007. Ing the first the biggest shock is bear stearns goes under or is sold with a lot of government subsidy to jpmorgan chase. What should we have done that we did not, have put us in better shape . Let me Say Something quickly on the previous point. Just wars have unintended victims, and appropriate bailouts have regretted beneficiaries. Nonetheless, it is the case that if you look at the shareholders of fannie and freddie, while leman, theychovia, are zero. At bank of america, they are down 90 . Once you look at the vast majority of the ceos and wealth, gone. You could overstate the extent to which everyone was billed out. Every buddy

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