*CRIMINAL PER FED CHAIR EMERITUS BERNANKE?? (Fox News)
Urban Financial Services Coalition (UFSC) already knew this Financial Crisis was NOT a temporary game and would have devastating economic impact on communities.
That is why the UFSC Board of Directors activated a number of community empowerment initiatives including establishing the UFSC Mortgage Crisis Task Force in 2009. http://www.ufscnet.org/?page_id=810
The Board of Directors and Task Force members should be proud of their courageous ethical action-
The crisis is not over for many, including minority communities…
Are you active on a UFSC Committee?? *Register now at ufscnet.org
ECONOMY & POLICY
Bernanke: Execs Should Have Been Indicted for Crisis
By Dunstan Prial
Published October 05, 2015
Perhaps Ben Bernanke should have spoken up sooner.
Bernanke, the former chair of the Federal Reserve who helped mastermind the massive bank bailouts in the wake of the 2008 financial crisis, says he believes more Wall Street executives should have been held accountable for their roles leading up to the crisis.
While all the major Wall Street firms – J.P. Morgan Chase (JPM), Goldman Sachs (GS), Citigroup (NYSE: C), Bank of America (NYSE: BAC), Wells Fargo (WFC), etc… — have agreed to pay fines now totaling in the hundreds of billions stemming from widespread fraud that occurred ahead of the 2008 meltdown, not a single top Wall Street executive was charged ever as a criminal…
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