2009-04-14housingwire.com

" Significant non-banking financial institutions like American International Group Inc. (AIG: 1.56 +9.86%) are an integral part of the U.S. economy and so interconnected with other institutions that outright failure is not an option, Federal Reserve chairman Ben Bernanke said in a speech Today. Instead, he said, such firms ought to face a strict set of regulatory requirements — and potential regulatory intervention — similar to that imposed on banks by the Federal Deposit Insurance Corp."


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