Bernanke says poor regulation, not monetary policy, led to housing bubble
Posted on January 4th, 2010 by Carlo Capomazza
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Federal Reserve Chairman Ben S. Bernanke said that the central bank's low interest rates didn't cause the last decade's housing bubble and that better regulation would have been more effective in limiting the boom.
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- Surprise! The Fed says don't blame the Fed (money.cnn.com)
- Bernanke Blames Weak Regulation for Financial Crisis (nytimes.com)
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Filed under: Current Events, L.A. Times, LA Area, Real Estate Market, VRN
