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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Privatization would solve several problems associated with the current GSE model. It would eliminate the conflict between private shareholders and public policy and likely diminish the systemic risk, as well. Other benefits are that…
We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.
the worst financial crisis in global history, including the Great Depression.
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