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01/31/12
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01/30/12
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Bernanke: U.S. regulators fell short before financial crisis

September 2, 2010

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Bernanke: U.S. regulators fell short before financial crisis

U.S. regulators fell short in using their powers “forcefully or effectively” to stop risky practices by banks and were “slow to identify and address abuses” in subprime mortgage lending before the financial crisis, Federal Reserve Chairman Ben S. Bernanke said in prepared remarks. In testimony delivered Thursday before a Congressionally appointed committee investigating the financial crisis, [...]

Web Link: http://hardmoneyworldnews.com/2010/09/bernanke-us-regulators-fell-short-before-financial-crisis/

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