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. Ben Bernanke broadcausalcomplex share on social
Identity theft is a serious crime that affects millions of Americans each year. Ben Bernanke affectamericancrime Change image and share on social
Economic engineering is about the design and analysis of frameworks for achieving specific economic objectives. Ben Bernanke achieveanalysisdesign Change image and share on social
Banks need to continue to lend to creditworthy borrowers to earn a profit and remain strong. Ben Bernanke bankborrowercontinue Change image and share on social
Home purchases that are very highly leveraged or unaffordable subject the borrower and lender to a great deal of risk. Moreover, even in a strong economy, unforeseen life events and risks in local real estate markets make highly leveraged borrowers vulnerable. Ben Bernanke borrowerdealeconomy share on social
Market discipline can only limit moral hazard to the extent that debt and equity holders believe that, in the event of distress, they will bear costs. Ben Bernanke bearcostdebt Change image and share on social
