News July 25, Federal Reserve Chairman Ben S. Bernanke said Friday that about 25 financial companies may be regarded as "too large to fail" companies. Obama put forward by the Government in accordance with the regulatory scheme, these companies will be subject to additional regulation.
Bernanke today in the House of Representatives under the Financial Services Committee held hearings to testify, he replied, California Republican Congressman John Campbell's question, said that 25 is only a "very rough estimate," "In fact all major financial companies "have been at the Fed's" umbrella "under supervision. Bernanke did not specify which companies 25.
Bernanke also said that the Federal Reserve emergency loan scheme is the scale of decline, such as for commodity paper market and the emergency loan program for American International Group (AIG) and other support schemes. He pointed out that: "As you know, we are gradually reducing the current 13-scale emergency loan program, I think the scale of these projects will not reach the previous peak, nor do we believe that there may be what kind of situation."
Jul. 25, 2009
