FED: Bernanke saying economic costs of the financial crisis “have
been very severe” and said the Fed has gone from managing the crisis to
“supporting the economic recovery.” Speaking in Orlando, Bernanke also
emphasizing the need to do something about the “pernicious problem” of
financial institutions deemed “too big to fail.” He outlined a
three-part plan for defusing “too big to fail.” See Steve Beckner’s
story on the MNI main wire.