Some economists have reservations about recent moves to rescue the economy.
The money will go to unfreeze mortgage and consumer lending.
The New York Fed president is known for his insights on ‘90s international crises.
An auto bailout, a second stimulus package, and foreclosure help are on hold as Washington awaits the new administration.
For many lawmakers of both parties, it may be one costly bailout too many.
The G-20 nations, representing most of the world's economy and population, are convening with the knowledge that they will sink or swim together.
The Big Three are in such bad shape that they may not even qualify for the loans Congress approved in September.