How would you respond to this answer? The Fed, for instance, could use its regul

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How would you respond to this answer?

The Fed, for instance, could use its regulatory muscle to unfreeze the risk-averse bankers who are still unwilling to lend the same bankers whose reckless risk-taking nearly brought down the entire system four years ago. The Fed could create special facilities for directed lending (just as it did for the imperiled banking system) that gets the banks to relax lending terms for credit-starved sectors like small business. If bankers refuse to play, it could offer the same deal to financial institutions that are not banks. The Fed could help restart the enfeebled housing sector by collaborating on debt reduction for the millions of underwater home mortgages. It could help organize and finance major infrastructure projects, like modernizing the national electrical grid, building high speed rail systems and cleaning up after Hurricane Sandy public works that create jobs the old-fashioned way. The Fed could influence the investment decisions of private capital by backstopping public private bonds needed to finance the long-neglected overhaul of the nation

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The Fed, for instance, could use its regulatory muscle to unfreeze the risk-averse bankers who are still unwilling to lend

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