On the recordMay 4, 2009
Then they would have to avail themselves of the Treasury's backstop.
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congress.govThen they would have to avail themselves of the Treasury's backstop.
Bernanke explains the requirement for banks needing additional capital.
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Finding a way to deal with that issue I think is the most challenging part but has the biggest payoff.
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.
Does this need to get done so that institutions know what the appropriate boundaries are?
We want to deploy it in ways that have the greatest benefit for the least cost.