Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate executives should have been prosecuted for their actions leading up to the 2008 financial crisis.
Bernanke told USA Today that the U.S. Justice Department and other law enforcement agencies focused on investigating or indicting financial firms.
"But it would have been my preference to have more investigation of individual action, since obviously everything that went wrong or was illegal was done by some individual, not by an abstract firm," Bernanke was quoted as saying.
Bernanke, who presided over the U.S. central bank during the financial crisis considered the worst since the Great Depression, said it was not up to him to decide whether to prosecute individuals, noting: "The Fed is not a law-enforcement agency."
More...
A former law enforcement officer in Tennessee is suing his county and sheriff after he was...
The US government admitted Wednesday that the Federal Aviation Administration and the army played a role...
Retired NASCAR driver Greg Biffle, his immediate family and others on board a business jet were...
Rob and Michele Reiner's children are breaking their silence following the couple's killing.The acclaimed "Princess Bride"...
