Ben Bernanke actually said...

compensation structures led to misaligned incentives and excessive risk taking, contributing to bank losses and financial instability.

Bernanke highlights how compensation structures contributed to the financial crisis.

02/14/2012

More Ben Bernanke Quotes

I thank you for the opportunity to appear before you today.

The belief by market participants that some firms may be too big to fail has many undesirable effects.

The Congress will have to make those trade-offs.

I do agree with that. Fannie Mae and Freddie Mac are particular problems and issues have to be addressed.