On the recordJuly 20, 2010
You are absolutely right.
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congress.govYou are absolutely right.
Bernanke agrees with Bunning's point about the Fed's previous inaction.
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We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
If we pursued that policy, it would actually not be helpful toward full employment.
Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.