It was not evident that Section 716 makes the company as a whole safer, and what we do see is that it will likely increase costs to people who use the derivatives and make it more difficult for the bank to compete with foreign competitors who can provide a more complete set of services.
Bernanke highlights concerns about Section 716's impact on safety and competition.
Share
More from Ben Bernanke
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
the worst financial crisis in global history, including the Great Depression.
The potential of Artificial Intelligence is enormous, and so is the range of outcomes. How that potential plays out will depend, in part, on the institutions we build it around.
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
Other voices in this conversation
