The actions that we took were intended to protect the economy from the consequences of risks to the financial system that could have decreased the availability of home mortgage and other credit, put further downward pressure on home values, eroded retirement savings and ultimately led to a loss of jobs and incomes as businesses faced added difficulties in financing expanded operations and job creation. Policymakers – both in the Federal Reserve and in the federal government – must continue to be proactive in their response to rapidly changing circumstances. Finally, I want to express my admiration and appreciation to members of my staff who have performed with great skill and care under extreme pressure. And I would like to also thank Chairman Bernanke, Secretary Paulson, Chairman Cox and my many other colleagues in the Fed and the supervisory community. Thank you again for giving me the opportunity to appear before you today. BIS Review 39/2008  9
Mr Sudhir Amembal the principal resource person is a renowned authority in leasing, having undertaken various leasing consultancies and training worldwide and being an author of various leasing publications and books. I am very grateful that he has found time to come to Zambia and share his vast experiences with us. I am glad to note that this seminar has brought together key players in the economy and other stakeholders. I thank you for your attention. BIS Review 17/2007  3