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Bernanke Blames Weak Regulation for Financial Crisis

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posted on Jan, 3 2010 @ 08:49 PM
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www.nytimes.com...

He's got it.

"Regulatory failure, not low interest rates, was responsible for the housing bubble and subsequent financial crisis of the last decade, Ben S. Bernanke, the Federal Reserve chairman, said in a speech on Sunday."

==

Sadly he has yet to admit that trillions of toxic assets are still hidden under the bank's table when they suspended the mark to market rule.

That fat lady has yet to sing, and he knows it.




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