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"I think we did the right thing to try to preserve financial stability," Bernanke said.
Central bankers have also been told to preserve "financial stability" (ie, make sure there is not another crisis).
"The transactions announced today will allow us to take advantage of attractive financing markets while still retaining more than $3 billion cash on hand to preserve financial stability".
"We will preserve financial firms' ability to share the information that they need," goes the administration proposal, "to develop new products and manage their risks......
The rules governing capital are dry and technical, a subject that even bankers leave to specialists, but they have become the single most important tool that governments use to restrain and preserve financial institutions.
Established last year by the 17 euro zone countries, the facility aims to preserve financial stability in Europe's monetary union by providing temporary financial assistance in the form of guarantees to euro zone member states that are facing difficulties.
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Preserving financial stability was a major concern during the debate in Strasbourg on Tuesday.
"Full implementation of reforms, as well as establishing a credible public backstop, are critical for preserving financial stability going forward".
In the difficult balance between preserving financial innovation and ensuring adequate regulation, the presidents, prime ministers and other leaders clearly tilted toward more regulation.
The Bank of England will soon gain responsibility for supervising commercial banks and new powers for preserving financial stability, in addition to its monetary-policy remit.This mighty institution also needs a new boss.
A single body might also find that an increase in interest rates is a more reliable way of preserving financial stability than the newfangled tools that will be at the FPC's disposal.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com