Ben Bernanke said...

In order to get rid of too-big-to-fail, we have to have 'fail.' We have to have a way for the biggest firms actually to fail.

Bernanke emphasizes the necessity of allowing large firms to fail to eliminate the too-big-to-fail issue.

07/20/2011

More Ben Bernanke Quotes

Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.

As I have mentioned, it is a cost of these policies and it is one that we take very seriously.

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I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the lo...