On the recordFebruary 23, 2009
We need to think hard going forward how we are going to address that problem, but right now, we are in the middle of the crisis.
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congress.govWe need to think hard going forward how we are going to address that problem, but right now, we are in the middle of the crisis.
Bernanke emphasizes the urgency of addressing the 'too big to fail' issue during the financial crisis.
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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…
I think everything in the bill is basically fine except for getting rid of this exemption for monetary policy deliberations and operations.
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