On the recordFebruary 23, 2009
We got involved in them, frankly, because there is no clear resolution authority, in the United States for dealing with systemically critical failing institutions except for banks.
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congress.govEditor's note · Context
Bernanke explains the lack of resolution authority for failing institutions outside of banks.
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Feb 26, 2013
The challenge for the Congress and the Administration is to put the Federal budget on a sustainable long-run path that promotes economic growth and stability without unnecessarily impeding the current recovery.
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forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.
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