Janet Yellen – Speaks on Banks and ‘Too Big to Fail’ – 2009

The Treasury is asking Congress to establish the Federal Reserve as a ‘systemic risk regulator’… the Fed would have authority to set standards, adjust capital and liquidity levels and appropriate risk management practices for any financial institution that is too large or too interconnected to fail… It is important that this would go beyond banking organizations.

http://fora.tv/2009/06/30/A_View_of_the_Economy_from_the_Federal_Reserve/Will_the_Fed_Regulate_Companies_Deemed_Too_Big_To_Fail

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