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Bernanke: Yes, I got it wrong

<strong>WASHINGTON. </strong>Federal reserve chairman Ben Bernanke told theFinancial Crisis Committee Thursday that he had failed to recognizeflaws in the financial system, which, as a result, undermined the U.S.housing market and almost caused the collapse of the global economy.

WASHINGTON. Federal reserve chairman Ben Bernanke told the Financial Crisis Committee Thursday that he had failed to recognize flaws in the financial system, which, as a result, undermined the U.S. housing market and almost caused the collapse of the global economy.


He said the Federal Reserve now favored tighter regulation of financial institutions and big banks.

 
 
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