Thursday, September 2, 2010

Ben Bernanke: Too big to fail problem must be solved

The need to eliminate firms that are effectively "too big to fail" was the top lesson from the recent financial crisis, Federal Reserve Chairman Ben Bernanke told an investigative panel Thursday.

Regulators "now have the tools to do that" under the recently passed Dodd-Frank law, he said, and will force firms to divest or restructure if they pose an untenable risk to the broader economy. Read the rest at the Wall Street Journal.
blog comments powered by Disqus