On the recordJuly 17, 2012
All we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.
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congress.govAll we can try to do is try to smooth out periods where the economy is depressed because of lack of demand.
Bernanke explains the Fed's role in managing economic downturns.
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We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.
Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.