April 13, 2012
Copyrighted material redacted. Author cites:
i received this link from a forum thread here, posted by overbet:
bernanke made several statements today.
synopsis of that
he said that the financial regulators did not come down forcefully enough on the market and that is now being addressed. (i would agree.)
banks passed the stress tests generally, but there are vulnerabilities that must be addressed by banks. this is in process.
while there were some catalysts in our financial crises of recent years, such as subprime mortgages, the financial vulnerabilities existed that caused the economic downturn.
these were headlines from bernanke's speech as told on bloomberg.
Bernanke: Housing was trigger of crisis, not cause
Fed Won't Bow to Political Pressure
I LOVE THIS. it is EXACTLY right.
bear in mind that some republicans in congress are trying to get rid of dodd-frank even as we speak.
House Republicans Push Repeal of Dodd-Frank Resolution Power
now does anyone wonder why i had to spend 15 minutes searching the news for this article?
suzanne hamlet shatto