Federal Reserve System Board of Governors Chairman Ben Bernanke Delivers Remarks On Preserving a Central Role for Community Banking at the Independent Community Bankers of America National Convention

Political Transcript Wire › March 22, 2010

Linked as:

Extract

Federal Reserve System Board of Governors Chairman Ben Bernanke Delivers Remarks On Preserving a Central Role for Community Banking at the Independent Community Bankers of America National Convention

FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE DELIVERS REMARKS ON PRESERVING A CENTRAL ROLE FOR COMMUNITY BANKING AT THE INDEPENDENT COMMUNITY BANKERS OF AMERICA NATIONAL CONVENTION, AS RELEASED BY THE FEDERAL RESERVE

MARCH 20, 2010

SPEAKER: FEDERAL RESERVE SYSTEM BOARD OF GOVERNORS CHAIRMAN BEN BERNANKE

[*] BERNANKE: I'm glad once again to be able to meet with and speak to the Independent Community Bankers of America. I greatly value the chance to hear directly from you about the challenges you are facing today. As everyone in this audience knows, those challenges are daunting indeed, and they go far beyond parochial concerns. Communities all over America are trying to cope with the economic consequences of the most severe financial crisis since the Great Depression--high unemployment, lost incomes and wealth, home foreclosures, strained fiscal budgets, and uncertainty about the future. Because community banks are integral to local economies,...

See the full content of this document