Bernanke: Lax Oversight Recession’s Cause | Print | E-mail
Written by Bob Adelmann
Tuesday, 05 January 2010 10:00
Regulatory failures and not low interest rates were responsible for the housing bubble, implosion and current recession, Federal Reserve Chairman Ben Bernanke asserted on Sunday.

"Stronger regulation and supervision aimed at problems with underwriting practices and lender’s risk management would have been…more effective [in] constraining the housing bubble [rather] than a general increase in interest rates,â€