>> Chairman Ben S. Bernanke : Regulatory reform ((( ~~ a bunch of deceptive rhetoric and show by which many are fallen into the deception going on for 100s years -- there is no hope in the damned greedy deceptive manipulation. The END of this corrupted world is coming SOON! ~~~ )))))))
Before the Committee on Financial Services, U.S. House of Representatives, Washington, D.C.
October 1, 2009
Chairman Frank, Ranking Member Bachus, and other members of the Committee, I appreciate the opportunity to discuss ways of improving the financial regulatory framework to better protect against systemic risks.
In my view, a broad-based agenda for reform should include at least five key elements. First, legislative change is needed to ensure that systemically important financial firms are subject to effective consolidated supervision, whether or not the firm owns a bank.
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