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 devastating tragedy has unfolded in Michigan after emergency crews responding to a house fire found...
Five people have died in a river in Ohio after several of them went into the...
A three-year-old girl landed in the intensive care unit earlier this month after a rattlesnake bit...
US boxer Hannah Rapp, who in June fought for the World Boxing Council (WBC) women’s featherweight...
