The remarks represent my own views, which do not necessarily represent those of the Federal Reserve Board or the Federal Open Market Committee. 2 The FOMC’s Statement on Longer-Run Goals and Monetary Policy Strategy is available on the Board’s website at https://www.federalreserve.gov/monetarypolicy/files/fomc_longerrungoals.pdf. 1  -2on pre-crisis standards.
Otherwise, any delay in intervention and resolution, is an opportunity to shareholders and management of these commercial banks that have caused their collapse in the first place, to further strip these institutions of the remaining residual assets and value; thereby shifting the burden of paying the depositors funds to the tax payers.