Doesn’t take personal responsibility…Bernanke needs to crawl back under the rock with Greenspan…

Here’s FT with Bernanke’s take:

The former chairman of the Federal Reserve has hit out at Congress for failing to do its part to bolster America’s rebound from the financial crisis, saying the US central bank had been unfairly criticised when the recovery “failed to lift all boats”.

In his newly published memoir, Ben Bernanke admitted the Fed had failed to spot some of the dangers building before the financial crash, and said that the controversial rescues of Bear Stearns and the insurance company AIG had damaged its political standing and “created new risks to its independence”.

As suggested by the title of his book, The Courage to Act, Mr Bernanke argues that the Fed’s policies under his leadership were justified and helped usher in a stronger recovery than in many other countries. He draws a…

U.S. Democratic presidential candidate Hillary Clinton said Tuesday that she will lay out her plan to rein in Wall Street “abuses” within the next week.

“I’m going to be proposing in the next week what I think will be the best way to go after Wall Street abuses and rein in the too-big-to-fail banks and other institutions,” Clinton said at an Iowa campaign stop.

Clinton said her plan would focus on more than banks, taking into account any kind of financial institution that causes disruption in the marketplace.

“What I’m proposing is that we go after the risk,” Clinton said. “If they are so big that they are causing disruptions in the marketplace, that’s a risk. So I have what I consider to be a more comprehensive approach toward what we need to do to rein in the big institutions, including the banks.”

Clinton also indicated that she would address…