We would be delighted if the Congress would pass a substantial resolution regime that would create a set of rules and expectations for how you deal with a firm of this type that is failing and leave the central bank out of it entirely.
Bernanke advocates for Congress to establish clear rules for handling failing firms.
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As I have mentioned, it is a cost of these policies and it is one that we take very seriously.
I know you are trying, and I hope that you can find the agreement to see these important objectives.
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