Those things certainly would help. An FDR type audit of all the banks -- for real -- not a bunch of phony stress test PR exercises. But still, being able to accurately model even the shape of the curve for various economic parameters that would result from various actions would be helpful. Even with three sector dynamic models Steve acheives that. Calibrating the response will take longer. Especially if he is the only one doing it.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."