Bernanke outlines steps to let a Bear go bust

Ben Bernanke, the chairman of the Federal Reserve, has laid out plans to remove the threat of banks becoming too big to fail.

Opening the Jackson Hole conference on Friday, Bernanke said that the Fed would look to reduce systemic risk and, in doing so, curb excessive risk taking by strengthening the financial infrastructure and increasing the system-wide focus of financial regulation and supervision.


The experience of bailing out Bear Stearns, a now defunct investment bank, had