According to Ben Bernanke, the recession was brought on by lax oversight. Gee, ya think?
Lax Oversight Caused Crisis, Bernanke Says
Lax Oversight Caused Crisis, Bernanke Says
ATLANTA — Regulatory failure, not low interest rates, was responsible for the housing bubble and subsequent financial crisis of the last decade, Ben S. Bernanke, the Federal Reserve chairman, said in a speech on Sunday.