Friday, March 20, 2009

[FED CHAIR BERNANKE]

[FED CHAIR BERNANKE] is telling an audience of community bankers that recovery hinges on financial stability and that credit market dysfunction is countering the effects of Fed easing. He says that the "too big to fail" issue is series and that the "too big" firms were complacent about risk. He says that government needs to deal with the "too big to fail' issue. He also says regulators should monitor executive compensation. There is little new so from from Bernanke in these comments.

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