Bernanke wants to be your banker


Fed Chairman Ben Bernanke wants to keep such a close eye on the banking system that customers may start to run into him behind the teller windows.

It what as been a characteristic approach to suggesting new regulation, an approached shared by the Fed, Treasury, and FDIC, Bernanke is arguing for heightened supervision of individual banks and the transactions that go on between banks throughout the system. It is the kind of vigilance meant to catch weaknesses before they turn into avalanches like the subprime mortgage derivatives collapse.

Originally published