Political Quotes

On the recordMarch 30, 2009
only with the New Deal's rehabilitation of the financial system in 1933-35 did the economy begin its slow emergence from the Great Depression.
Said by
Ben Bernanke
Republican · South Carolina

Editor's note · Context

Bernanke emphasizes the New Deal's role in reviving the economy after the Great Depression.

Share

More from Ben Bernanke

Jan 9, 2024

Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.

congress.gov
Jul 17, 2013

We are working hard with our colleagues to put the Volcker rule into place, and that will restrict proprietary trading.

congress.gov
Jul 16, 2013

It is also important, of course, for community banks to be well-capitalized so that they can continue to lend during difficult periods.

congress.gov
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

Other voices in this conversation