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Need to be perceived to be in control of the crisis

Governments must give the impression that they are in control of, or on top of, the financial crisis—as the perception that the crisis is beyond their control is one of the self-fulfilling factors that spooked the markets and deepened the crisis.

RELATED ARTICLESExplain
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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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Need to be perceived to be in control of the crisis
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Implement timely bans on short-selling
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Raise the federal minimum wage
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Apply effective measures learn from the Resolution Trust Corp
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Captial Injection in return for stock
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Compile and communicate information on toxic free companies
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Cordinated, substantial, rapid global reduction in interest rates
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Ease repayment terms on existing mortgage holders
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Encourage expansionary monetary and fiscal policy abroad
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Prevent the collapse of working capital
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Protect individual depositors in regulated banks
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Quantify the problem
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Recreate the Resolution Trust Corporation
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The Emergency Economic Stabilization Act 2008
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