On the recordMarch 2, 2009
I think that confidence in financial engineering has gone down quite a bit, and we need to be very careful.
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congress.govEditor's note · Context
Bernanke emphasizes the need for caution in financial engineering.
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Mar 13, 2013
forcing these activities out of insured depository institutions would weaken both financial stability and strong prudential regulation of derivative activities.
Jul 16, 2013
Yes, my suggestion to Congress is to consider possibilities that involve somewhat less restraint in the near term and more action to make sure that we are on a sustainable path in the long run.
Feb 26, 2013
It was not evident that Section 716 makes the company as a whole safer, and what we do see is that it will likely increase costs to people who use the derivatives and make it more difficult for the bank to compete with foreign competitors…
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