On the recordFebruary 28, 2011
The recession was tied primarily to the financial crisis, which drove the economy into a deep recession.
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congress.govThe recession was tied primarily to the financial crisis, which drove the economy into a deep recession.
Bernanke explains the causes of the recession and its impact on the economy.
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We have just finalized new capital requirements that banks have to hold against these assets for sale, these securities, which should provide protection.
As I have mentioned, it is a cost of these policies and it is one that we take very seriously.
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.