The chief of the US Federal Reserve Ben Bernanke has ordered the financial crisis regulators to close the unstable banks as they are a threat to the financial system of the country.

Mr. Ben said this while testifying in front of the Financial Crisis Inquiry Commission and he has also added that it was not possible for the Federal Reserve to rescue the Lehman Brothers bank in 2008 as the Wall Street registered company lacked sufficient funds to secure a loan.

The chief of the Federal Reserve has said that he was committed to give his 100% efforts to rescue the companies. He has said this statement after the former chief executive of Lehman blamed the financial regulators that they did not support the firm in 2008 otherwise the company could have been saved from bankruptcy.

This decision of closing banks is very similar to the process used by the Federal Deposit Insurance Corporation to close the failing banks. The chief of the both regulatory committees Mr. Bernanke and Ms Blair have said that the pressure of market would make the big companies to voluntarily shrink themselves.