A Crisis is a Terrible Thing to Waste

14 Sep 2009 – Article

“You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.” – Rahm Emmanuel, Chief of Staff to President Obama

One year after the collapse of Lehman Brothers and the US government takeover of AIG helped set in motion the “great recession”, the global economy is starting to show signs of stabilization. Federal Reserve Chairman Ben Bernanke has declared that the recession is very likely over, and pundits are expressing cautious optimism for an economic rebound (despite serious problems such as unemployment).

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