Ben Bernanke's latest "masterstroke"
The Fed has done something quite difficult, Quartz's Matt Phillips writes: It's actually made banks want to lend. Read more at Counterparties
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Financial reforms not enough to ensure stability: Fed's Lacker
CHARLOTTESVILLE, Virginia |
CHARLOTTESVILLE, Virginia (Reuters) - Large banks must be allowed to fail without government help, but recent financial reforms are not enough to ensure that will happen, a top Federal Reserve official said on Friday.
"I do not think that Dodd-Frank has provided us with a stable and sustainable framework for regulating the financial sector," Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, told reporters.
(Reporting by Pedro Nicolaci da Costa)
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