“Every effort needs to be made to try and offset the costs of Katrina and Rita by reductions in other government programs, especially those that are wasteful, duplicative and ineffective.” NeedsTryingMadeGovernmentEffortEconomyCostProgramReductionKatrinaGovernment Programs Author:Ben Bernanke
“Given the central role of effective, firmwide risk management in maintaining strong financial institutions, it is clear that supervisors must redouble their efforts to help organizations improve their risk-management practices...We are also considering the need for additional or revised supervisory guidance regarding various aspects of risk management, including further emphasis on the need for an enterprise-wide perspective when assessing risk.” NeedsHelpingStrongGivenEffortRolesPracticeClearRiskPerspectiveAspectOrganizationManagementInstitutionsIncludingFinancialVariousWideGuidanceEnterpriseConsideringEmphasisMaintainingRisk ManagementFinancial InstitutionsSupervisorsAssessing Author:Ben Bernanke
“The central bank needs to be able to make policy without short term political concerns.” NeedsAblePoliticalTermPolicyConcernShort TermCentral Banks Author:Ben Bernanke
“I think one of the lessons of the Depression - and this is something that Franklin Roosevelt demonstrated - was that when orthodoxy fails, then you need to try new things. And he was very willing to try unorthodox approaches when the orthodox approach had shown that it was not adequate.” ThinkingNeedsTryingFailingWillingLessonsApproachOrthodoxNew ThingsAdequateOrthodoxyFranklinUnorthodoxWilling To Try Author:Ben Bernanke
