Ben Bernanke actually said...

...by centralizing and standardizing specific classes of financial transactions, clearinghouses reduce the costs and operational risks...

Highlights benefits of clearinghouses in reducing costs and risks in financial transactions.

03/31/2011

More Ben Bernanke Quotes

Thus, the decline in the private-sector union membership over the post-World War II period... has been associated with an increased dispersi...

That jobs will be lost, the unemployment rate will rise, more houses will be foreclosed upon, GDP will contract, that the economy will not j...

Bernanke told Capitol Hill lawmakers worry about rising inflation could complicate attempts to stimulate the economy.

New warnings from Fed Chairman Ben Bernanke today about the nation's economic prospects.