On the recordSeptember 29, 2010
I think it is important for all of us to work together to make sure that those gaps and emerging risks are identified.
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congress.govEditor's note · Context
Bernanke emphasizes the need for collaboration to identify financial risks.
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Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
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It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.
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I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.
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