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Bernanke: Fix financial regulation

Posted on March 10, 2009 12:15 PM
Federal Reserve Chairman Ben Bernanke said Tuesday that the nation's financial regulatory system must be overhauled to prevent a future financial collapse.

"We must have a strategy that regulates the financial system as a whole, in a holistic way, not just its individual components," Bernanke said before the Council on Foreign Relations in Washington.

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