Bernanke Says New Rules Should Prevent Bank Bailouts

Law360, New York (April 25, 2012, 8:51 PM EDT) -- Federal Reserve Chairman Ben Bernanke on Wednesday said he does not support renewed calls to break up the nation's largest banks, instead saying increased capital requirements, resolution authority for failed financial institutions and other regulatory measures should keep taxpayers from funding costly bailouts.

At a press conference following the central bank's policymaking committee, Bernanke agreed with the chorus of officials, legislators and activist groups that want to see the largest U.S. banks broken up, saying that regulators “need to do all we can to eliminate too...
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