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Talked much about the discount rate.

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1.We haven't talked much about the discount rate. Why don't you tell us what this is, and who pays it? Is it frequently used?

2.Let's say the gov't didn't start the housing initiative, and so didn't pressure banks to make loans to people who wouldn't normally qualify for them.

Would all this other stuff, failing MBSs, TARP and the rest, have been necessary, without the initial push from the gov't?

Was there some better way to stimulate AD, than this whole mess? 

Reference no: EM13755382

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