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

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