Sun, May 12, 2013 - Page 13 News List

Fed boosts its ‘too big to fail’ oversight

LESSONS LEARNED:The more intensive monitoring is needed because financial activities tend to move toward less-regulated sectors, Fed Chairman Bernanke said

AFP, WASHINGTON

“The risk is increased by the fact that the Treasury no longer has the power to guarantee investors’ holdings in money funds, an authority that was critical for stopping the 2008 run,” he said.

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