“If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved,”...

|By:, SA News Editor

“If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved,” Bernanke tells the financial crisis commission. Low Fed interest rates did not cause the housing bubble, he says, while admitting that the Fed was slow to address abuses in subprime lending.