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Lodeiro is easing that situation, though.
He said would discuss easing that rule gradually after the companies finish improving internal controls.
The dramatic deterioration in FOMC forecasts in the fourth quarter of 2008 rationalises the Fed's pre-emptive easing that year.
He succeeded to a certain extent in easing that conflict by bringing Islamists into the government, while cracking down militarily on the extremists.
Then as now, policy makers were struggling with how and when to turn off the fiscal stimulus and monetary easing that had been used to combat the initial crisis.
To start easing that debt burden, the government plans to raise the sales tax to 8 percent next April, from the current level of 5 percent, and to 10 percent in October 2015.
But they gave no indication of when they may start a new round of quantitative easing — that is, pumping money into the financial markets via the purchase of bonds.
But the fiscal and monetary easing that will accompany rebuilding should inject momentum into the economy and share prices, he adds.
"This stimulus obsession is the reason the nation finds itself in the fiscal calamity it does today, and the last thing we need is a leader at the helm of the Federal Reserve who is intent on more quantitative easing that harms our economy".
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"I think we are seeing the Bank [of England] admitting last week that we are likely to go into a recession; they have had to put an extra £60bn-worth of our money into QE [quantitative easing]; that there are going to be a quarter of a million jobs lost; that inflation is going to go up," Smith said.
Under Sperling's watch, Congress repealed the Glass-Steagall Act, a rule-easing that many believe contributed to the financial crisis less than a decade later.
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