Fed Regulation of Banks Fell Short, Washington Post Suggests

Posted on December 21, 2009

As the Senate considers Fed Chairman Ben Bernanke's renomination for another 4-year term, the Washington Post has published a thorough review of all the signals the Fed missed in the run up to the mortgage crisis.  Will a chastened Federal Reserve learn from its lessons, or does this sad history argue for a different regulatory overseer, and possibly a different Chairman?