[Novice] Bernanke calls for banking clean-up
Bernanke calls for banking clean-up
Ben Bernanke called for fresh efforts to clean up the US banking system during a speech in London on Tuesday, warning that fiscal stimulus measures alone would not be enough to overcome the economic crisis. Tthe Federal Reserve chairman said he would like the Obama administration to combine capital injections with a plan to cut troubled assets from bank balance sheets – the idea behind the original version of Treasury secretary Hank Paulson’s troubled asset relief program (Tarp), the FT reported.
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