Finance

Bernanke: Shrink the Banks

The nation’s top banker is cracking down on the banks: The Federal Reserve chairman argued on Monday for giving regulators the power to shrink banks that threaten the markets. “The supervisors should be allowed by law to insist that the company divest itself or shrink its activities,” Bernanke said. Congress is considering legislation that would give the government the power to break up banks that are considered too big to fail.