Bernanke rues 'worst financial crisis since 1930s'

Bernanke says imbalances in flows of capital from 1990 onwards are partly to blame for the calamity, adding a recovery "will remain out of reach" unless the financial system is stabilised. In a speech to the Council on Foreign Relations, Bernanke says the imbalances "reflect a chronic lack of saving relative to investment in the US and some other industrial countries, combined with an extraordinary increase in saving relative to investment in many emerging markets". Included as part of a four-part plan to recovery, Bernanke says firms should no longer be allowed to become so large its f...