On the recordFebruary 14, 2012
compensation structures led to misaligned incentives and excessive risk taking, contributing to bank losses and financial instability.
Source
congress.govcompensation 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.
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.
Although monetary policy is working to promote a more robust recovery, it cannot carry the entire burden of ensuring a speedier return to economic health. The economy's performance both over the near term and the longer run will depend…