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Insufficient information available to make sound policy decision

Neither lawmakers nor ordinary citizens had enough information to properly assess the real risks, the need for action and what an appropriate course of action might be.

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The Global Financial Crisis
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How should the US and other governments respond?
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Measures to alleviate the immediate symptoms?
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The Emergency Economic Stabilization Act 2008
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Insufficient information available to make sound policy decision
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No one knows the true market price of the dodgy assets
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Scale of uncertainty made some form of action necessary
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Treasury Secretary has capital injection for stock option
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Contain the economic impact of the credit crunch
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Relieve the immediate credit crunch
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Abandoning free market principles
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Compounds $53 trillion US deficit
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Doesn't punish bankers for mistakes
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Involved extra $100bn of irrelevant sweetners
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Moral hazard
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Printing more money just devalues the USD more
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Transfers a mass of toxic assets from banks to the government
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