On the recordJuly 20, 2010
I do, and I think that view is widely shared.
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congress.govI do, and I think that view is widely shared.
Bernanke agrees that current deficits are unsustainable.
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Congress did not intend for the Federal regulators to discard the State risk-based capital system in favor of a banking capital regime.
We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.
It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.