On the recordDecember 2, 2009
It is imperative, the most important thing that Congress can do is find a way to solve the 'too big to fail' problem.
Source
congress.govIt is imperative, the most important thing that Congress can do is find a way to solve the 'too big to fail' problem.
Bernanke emphasizes the need for Congress to address the 'too big to fail' issue.
Share
More from Ben Bernanke
Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.
The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.
It would be very concerning for financial markets and, I think, for the general public if the United States didn't pay its bills.
Large deficits in debt over a long period of time raise interest rates above levels where they normally would be and crowd out private investment and are bad for growth and productivity.