Too big to fail must be solved, says Bernanke

Fixing too-big-to-fail is the single lesson of the financial crisis, says Fed chairman

Ben Bernanke

If the recent financial crisis has taught a single lesson, it is that the problem of too-big-to-fail firms must be solved, said US Federal Reserve chairman Ben Bernanke, during a hearing of the Financial Crisis Inquiry Commission (FCIC) on September 2.

The remarks came during a two-day hearing in Washington, DC, addressing the issue of systemically relevant firms.

“Simple declarations that the government will not assist firms in the future, or restrictions that make providing assistance more

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: