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.govWe 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.
Bernanke explains the lack of resolution authority for failing institutions outside of banks.
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