Bernanke Blames Weak Regulation for Financial Crisis [NYTimes]

post — Admin @ 6:34 am — post Comments (0)
postJanuary 2, 2010

NY Times article reports that Bernanke has no regrets about keeping rates low for too long during creation of the housing bubble:

Stronger regulation and supervision aimed at problems with underwriting practices and lenders’ risk management would have been a more effective and surgical approach to constraining the housing bubble than a general increase in interest rates

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