On the recordSeptember 29, 2010
Yes, I think we have made a lot of progress.
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congress.govYes, I think we have made a lot of progress.
Bernanke confirms significant progress in capital requirements and international agreements.
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The best way to address the problem, at least in the near term, would be to reform the way those numbers were collected so that the LIBOR rate that was set would be, in fact, an accurate representation.
Does this need to get done so that institutions know what the appropriate boundaries are?
I have--you know, it is easy to criticize, but the politics is very difficult.
Congress, I hope, has the foresight to see that interest rates will not be this low forever.