Ben Bernanke actually said...

if we are going to have a strong recovery, it has to be on the back of a stabilization of the financial system

Bernanke emphasizes the need for financial system stabilization for recovery.

02/23/2009

More Ben Bernanke Quotes

I think that confidence in financial engineering has gone down quite a bit, and we need to be very careful.

If Government spending is higher, it needs to be recognized that that will involve higher taxes in order to maintain a close, reasonable bal...

We have already seen the stresses we saw in September. In September, we saw AIG and Lehman and other financial firms under great pressure.

I think it is very urgent that we look at these issues and make some tough decisions.