3.10.2009

Bernanke's duh moment


Referring to big interconnected firms, known as "too big to fail," Mr. Bernanke said "any firm whose failure would pose a systemic risk must receive especially close supervisory oversight of its risk-taking, risk management, and financial condition, and be held to high capital and liquidity standards."

[From Bernanke Outlines Steps to Avoid Future Crises - WSJ.com]

No flies on him.



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