On the recordFebruary 24, 2010
Since the fall of 2008, I have advocated that Congress establish a statutory resolution regime that provides a workable alternative to Government bailouts and disorderly bankruptcies.
Source
congress.govSince the fall of 2008, I have advocated that Congress establish a statutory resolution regime that provides a workable alternative to Government bailouts and disorderly bankruptcies.
Bernanke supports a resolution regime to avoid future bailouts.
Share & report
More from Ben Bernanke
Congress, I hope, has the foresight to see that interest rates will not be this low forever.
We want to deploy it in ways that have the greatest benefit for the least cost.
Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health.
If it doesn't achieve the objective of eliminating too-big-to-fail, I think we ought to come back and decide or ask Congress whether they might take additional steps.