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WATCH: Ben Bernanke Says More execs should have gone to jail for causing Great Recession

New books outlines why Fed took actions during bailout

Ben Bernanke / Getty

NEW YORK (CNNMoney) —Ben Bernanke wanted more Wall Street bankers in jail in the aftermath of the financial crisis.

Bernanke advocated for Wall Street’s bailout in 2008 during the financial crisis when he led the Federal Reserve.

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He still thinks the bailout was the right call, but looking back he wishes more corrupt Wall Street bankers who helped bring on the crisis went to jail.

“You can’t put a financial firm in jail, ” Bernanke told USA Today in an interview Sunday. “Everything that went wrong or was illegal was done by some individual, not by an abstract firm…there should have been more accountability at the individual level.”

Read the full story at CNNMoney, by Patrick Gillespie

 

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