On the recordSeptember 29, 2010
I know from a political point of view that American taxpayers do not want to be on the hook for these kinds of bailouts in the future.
Source
congress.govI know from a political point of view that American taxpayers do not want to be on the hook for these kinds of bailouts in the future.
Bernanke emphasizes taxpayer opposition to future bailouts.
Share & report
More from Ben Bernanke
Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
Congress sets the mandate for the Federal Reserve, and so Congress has the right to set the mandate of course any way it likes.
I think getting rid of too big to fail is an incredibly important objective and we are working in that direction.
We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.