Bernanke: Financial Reform Should Prevent Further Crises

By Brandon Kosters - Talk Radio News Service

Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System, believes that the Wall Street Reform bill signed by President Obama this morning will serve the public by giving regulators more power to respond to firms in danger of collapsing.  Bernanke said that the bill, coupled with other regulatory standards for the bank capital, will “place our financial system on a sounder foundation and minimize the risk of a repitition of the devastating effects of the past three years.”