Geithner, Bernanke Say They Need More Regulatory Authority

by Benjamin Domenech on 1:57 am March 25, 2009

In testimony before Congress, Bernanke joins with the Administration to request more authority calling for “an oversight body to monitor big financial institutions that pose systemic risks.” Putting more tools in the hands of regulators to take over faltering financial groups is a solution, yes, but it brings new problems of its own.

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