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The nationalization of banks is counterproductive to the health of the banking system and the overall economy, according to Fed Chairman Ben Bernanke . In testimony to the House Financial Services Committee on Wednesday, Bernanke echoed comments made in testimony before the U.S. Senate Tuesday: that...
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Federal authorities do not see any advantage to nationalizing large banks since a return to profitability can be achieved through a combination of strong regulations of how rescue funds are used, and greater transparency on financial institutions, according Fed Chairman Ben Bernanke. During his semi...
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The Federal Reserve will put its Term Asset-Backed Loan Facility into action any day now, Federal Reserve Chairman Ben Bernanke said on Wednesday. Taking questions from reporters in Washington D.C. following a speech, Bernanke said "if we don't stabilize the banking system and get the credit...