Ben Bernanke actually said...

I think living wills, while they are not a panacea, can be a useful adjunct to supervision.

Living wills help in understanding and unwinding complex financial institutions.

12/02/2009

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If Government spending is higher, it needs to be recognized that that will involve higher taxes in order to maintain a close, reasonable bal...

I think that confidence in financial engineering has gone down quite a bit, and we need to be very careful.

I am very angry about the situation. I am sorry that there were these gaps in regulation and in the financial resolution regime.

I think it is an enormous problem. I think we have learned it is a bigger problem than we thought it was.