On the recordJuly 20, 2011
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.
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congress.govIn 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.
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