Bernanke & Paulson are in charge they decide what is necessary and Paulson tells Bush and Bush says ok. Bush wouldn't even know how to respond He's like an english major in an Econ class
It matters lot when people are running around blaming Bernanke or Bush, thinking that the next Fed chair or Obama are their saviors.
Doesn't matter "who [individually] gets blamed", rightly or wrongly... it only matters "what is done". They're all part of the TEAM!
CFR is more of a think tank but a lot of real sh*t happens there. Just read the publications they put out. Most CFR members have no clue what's going on. World Bank is a tool, and an effective one.
No, that is not how the system works. World Bank and IMF for that matter are there to front the circus they are not the ringmasters. regards f9
If you never even get close to the heart of the problem, how do you ever expect to create, let alone, apply a solution?
May I clarify . . . he's like a Sports major in an Econ class . . . he has a problem speaking or understanding English.