Political Quotes

On the recordFebruary 28, 2011
The recession was tied primarily to the financial crisis, which drove the economy into a deep recession.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Bernanke explains the causes of the recession and its impact on the economy.

Share & report

More from Ben Bernanke

Jul 17, 2013

We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.

congress.gov
Feb 26, 2013

As I have mentioned, it is a cost of these policies and it is one that we take very seriously.

congress.gov
Jul 17, 2013

The crisis was an enormous waste of resources, and unsafe practices by large financial institutions pose a risk not just to themselves but to the rest of society.

congress.gov

Other voices in this conversation