![]() ![]() On the regulatory level, after some initial slow responses, I think people have realized that some regulatory issues are more of a hindrance in this situation than a help. The bill itself is good, but I think more is going to be needed. There seem to be some administrative issues coming up that might slow down the rate at which the money gets out there, which is disappointing. It's going to get money into some businesses' hands, hopefully keep them from having to lay off a lot of workers and shut down and miss payments. It's going to get money into consumers' hands. I think Congress, by passing the relief bill, did a good thing. ![]() They've basically decided that liquidity is not going to be a problem in any market that they have any reach into, and have done a lot of things, a lot of new and creative things, to try to keep those problems from cropping up. What have policy makers done well so far? The Fed, actually, has been excellent.
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