Financial Innovation and Consumer Protection

Ben Bernanke - April 17, 2009

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The Federal Reserve System's Sixth Biennial Community Affairs Research Conference Washington, D.C. The concept of financial innovation, it seems, has fallen on hard times. Subprime mortgage loans, credit default swaps, structured investment vehicles, and other more-recently developed financial products have become emblematic of our present financial crisis. Indeed, innovation, once held up as the...

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Ben Bernanke


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