Posted in consumer protections, Financial, Foreclosure, Foreclosure Defense

Bernanke: More Execs Should Have Faced Prosecution For 2008 Financial Crisis

bernacke

Originally posted in the Huffington Post

WASHINGTON, Oct 4 (Reuters) – Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate executives should have been prosecuted for their actions leading up to the 2008 financial crisis.

Bernanke told USA Today that the U.S. Justice Department and other law enforcement agencies focused on investigating or indicting financial firms.

“But it would have been my preference to have more investigation of individual action, since obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm,” Bernanke was quoted as saying.

via Bernanke: More Execs Should Have Faced Prosecution For 2008 Financial Crisis.

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2 thoughts on “Bernanke: More Execs Should Have Faced Prosecution For 2008 Financial Crisis

  1. I never expected to quote this source, but …

    “I don’t care who you are that’s funny right there.” Larry the Cable Guy.

    Liked by 1 person

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