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The highly disappointed Governor of the Federal Reserve, Kevin Warsh, gave a speech at the Securities Industry and Financial Markets Association on Nov. 8th, 2010 in New York City, New York. Kevin’s speech titled: Rejecting the Requiem, discloses that U.S. policy makers and government economists are starting to lower their standards regarding the United States recovery.

Economies around the world have been in chaos due to the unbelievable financial crisis that occurred toward the end of 2007. The U.K., Australia, Canada and Switzerland, along with countless other economies have been negatively affected by the financial crisis. One economic empire that has been one of the hardest hit was the United States of America. The United States suffered from a major housing crisis, a historic banking crisis and a huge unemployment crisis. Countless homeowners started defaulting on their mortgages, banking institutions were going bankrupt and the national unemployment rate was reaching record highs. The country was in turmoil.