T/F 16. Peter Klein argues that during a recession it would be bad policy to bail out banks, stop foreclosures and to stimulate the economy. 17. The bears talk about how the Fed buys Treasury bonds from the J. P. Morgan. 18. Among the possible solutions to the Fed having created over a trillion dollars of excess reserves is to raise the required reserve ratio. 19. Hunter Lewis suggests that the Feds QE programs may have really been aimed at bailing out the government in the face of the resistance of foreign banks to buying more U.S. debt