On the recordFebruary 23, 2009
Call it public-private partnership. It is not nationalization because the banks will not be wholly owned
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congress.govCall it public-private partnership. It is not nationalization because the banks will not be wholly owned
Bernanke clarifies that the approach is a partnership, not full government ownership.
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I know you are trying, and I hope that you can find the agreement to see these important objectives.
I would very much like to have the confidence that we could close down a large institution without causing damage to the rest of the economy.
A significant portion of this effect is related to the automatic spending sequestration that is scheduled to begin on March 1st.
Dodd-Frank has a pretty comprehensive strategy for addressing too-big-to-fail.