Bernanke May Resist ‘Noah’s Ark’ Approach on Systemic Risk
By Ian Katz and Rebecca Christie
Published May 23 2011 Bloomberg
Republican lawmakers and industry lobbyists are pressing a council of regulators including Federal Reserve Chairman Ben S. Bernanke and Treasury Secretary Timothy F. Geithner to reject a so-called Noah’s Ark strategy in choosing which non-bank companies to put under Fed supervision.
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