On the recordDecember 2, 2009
I do agree with that. Fannie Mae and Freddie Mac are particular problems and issues have to be addressed.
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congress.govI do agree with that. Fannie Mae and Freddie Mac are particular problems and issues have to be addressed.
Bernanke acknowledges the need to address issues with Fannie Mae and Freddie Mac.
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Let me just say that we are quite aware of these portfolios, and we are addressing them in at least two ways.
If it doesn't achieve the objective of eliminating too-big-to-fail, I think we ought to come back and decide or ask Congress whether they might take additional steps.
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.