On the recordMarch 23, 2009
There are institutions too big to fail.
Source
congress.govThere are institutions too big to fail.
Bernanke acknowledges the existence of institutions that cannot be allowed to fail.
Share & report
More from Ben Bernanke
We all agree that the burden of regulation falls particularly heavily on small community banks which don't have the resources to manage those regulations very effectively.
I would argue that it is not responsible to focus all of the restraint on the very near term and do nothing about the long term.
My concern is about defaulting on the debt, and for me that is a very high priority so a debt prioritization bill would help on that count very much.
I sincerely believe our central bank's actions have provided critical support for our Nation's economic recovery.