Ben Bernanke actually said...

I believe that the Financial Stability Oversight Council (FSOC) should designate any nonbank financial company if the FSOC determines that material financial distress at the nonbank financial company... could pose a threat to the financial stability of the United States.

Context

Bernanke emphasizes the criteria for designating nonbank financial companies as systemically significant.

05/11/2011

https://www.congress.gov...

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