The accountability of Bernanke

Apparently, in his new book, ‘Courage to act’, Ben Bernanke, former Federal Reserve Chairman is said to have written

It would have been my preference to have more investigation of individual action, since obviously everything what went wrong or was illegal was done by some individual, not by an abstract firm

It has taken one Mr. David Dayen to expose Mr. Bernanke’s own failure to do this when he had a chance to do this. In other words, Bernanke is accountable for not enforcing others’ accountability for the crisis. Worth reading Mr. David Dayen on this matter, in full.

I have no intention of buying that book, however. Tyler Cowen’s quick review of the book is here.

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