Bernanke: Fed's response to crisis was the best option

04/13/2012 | USA Today

While there were risks in supporting large financial institutions during the financial crisis, the Federal Reserve's bailout was "the best of bad options" because no other framework was in place to wind down the institutions, Federal Reserve Chairman Ben Bernanke said. Because of new regulations and laws, the Fed can wind down such institutions without posing a larger systemic risk, he said.

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