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...
Clear signals President-elect Donald Trump plans to make good on his campaign pledge to deport millions...
General Motors’ self-driving car unit, Cruise, admitted on Thursday to submitting a false report to influence...
