As regards skills, public sector banks may find it particularly challenging to recruit/hire highly skilled people from outside or to retain their own officers who become highly skilled through training.
And the Federal Reserve had established a number of lending programs to provide liquidity to financial institutions in addition to its aggressive monetary policy actions. Despite these actions, a great deal of uncertainty remained about future bank losses and solvency, which was only increased by the rapidly deteriorating macroeconomic conditions in early 2009.