I and others were mistaken early on in saying that the subprime crisis would be contained. The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict.
broad causal complex
Ben Bernanke
These are some quotes by American author Ben Bernanke Public Servant, who was born on December 13, 1953.
Quotes by Ben Bernanke
Among other objectives, liquidity guidelines must take into account the risks that inadequate liquidity planning by major financial firms pose for the broader financial system, and they must ensure that these firms do not become excessively reliant on liquidity support from the central bank.
