On the recordJanuary 6, 2011
We do not want banks making bad loans. That is how we got in trouble in the first place.
Source
congress.govWe do not want banks making bad loans. That is how we got in trouble in the first place.
Bernanke discusses the balance needed in lending practices to avoid past mistakes.
Share
More from Ben Bernanke
The economy needed help from Congress--if not from additional spending (on roads and bridges for example), then at least in areas such as retraining unemployed workers.
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.
Right now our concern is that the Chinese currency policy is blocking what might be a more normal recovery process in the global economy, and it is to an extent hurting our recovery.
the worst financial crisis in global history, including the Great Depression.