Reuters; Reuters; Reuters
Henry Paulson, Timothy Geithner, and Ben Bernanke have warned that the lessons of the 2008 financial crisis are in danger of being forgotten.
Paulson was head of the Treasury when the crisis struck in 2008, Geithner took over under Obama, and Ben Bernanke was Federal Reserve Chairman during the crisis.
The trio said that the rising US budget debt, a “dysfunctional” political system, and a drive to loosen reforms put in place after 2008 could combine to endanger the economy.
“It is important that people focus on the lessons… We are not sure people remember everything they need to remember,” said Paulson.
Three men who played a central role in the US response to the 2008 financial crisis have voiced concern that the country may be forgetting the lessons learned from the crisis.
Former Treasury Secretaries Henry Paulson and Timothy Geithner, and former Federal Reserve Chair Ben Bernanke took part in a roundtable last week to mark the 10th anniversary of the 2008 financial crisis, The New York Times reported. Paulson was head of the Treasury when the crisis struck in 2008, Geithner was head of the New York Fed during the crisis then took over at the Treasury under Obama, and Ben Bernanke was Federal Reserve Chairman during throughout the crisis.See the rest of the story at Business Insider
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