On the recordFebruary 23, 2009
I think 'zombie' was not an appropriate description for any of the banks.
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congress.govI think 'zombie' was not an appropriate description for any of the banks.
Bernanke defends the banks' viability against the 'zombie' label.
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I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.
If it doesn't achieve the objective of eliminating too-big-to-fail, I think we ought to come back and decide or ask Congress whether they might take additional steps.