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.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
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
