Bernanke spoke about the main lesson of financial crisis

The most important lesson of the financial crisis in the U.S. is the inadmissibility of creating banks that are “too big to collapse”. , Said Federal Reserve Chairman Ben Bernanke.
He said banks should keep more money in reserves, and the rules governing their activities, should be more stringent. He noted that the policy of the Fed has not led to the temporary collapse of the U.S. banking system, was autumn 2008.

U.S. mortgage crisis, as demonstrated in 2007 put in jeopardy many large financial institutions, find themselves vulnerable to depreciation associated with the housing market assets and derivative instruments. As a result of bursting of one of the largest investment banks Lehman Brothers, and institutions such as another leading investment bank Bear Stearns, and insurer AIG were rescued with the participation of the U.S. administration and the Fed.

The main cause of the crisis was the willingness of these organizations to take big risks. However, the enormous size of such banks has led to a strong effect on their insolvency, has spread throughout the U.S. financial system.

A number of specialists, in turn, denounced the Fed for being too soft, fiscal policies, resulting in low levels of refinancing rates. This led to a rapid widening of the bubble in the markets. In turn, Bernanke has rejected those accusations, saying that because of the prices of individual assets can not raise rates.