Why is Bernanke's Fed dragging its feet on bank regulations?

  @FortuneMagazine August 15, 2013: 7:35 AM ET
BAI02 ben bernanke

Ben Bernanke deserves our thanks for preventing a recurrence of the Great Depression. During the 2008 financial crisis, he understood better than anyone the deadly linkage between a troubled banking sector and a crippling credit contraction. Instead of tightening the money spigot, he opened it wide, avoiding the dark chasm of economic devastation that racked our economy throughout the 1930s.

Yet Bernanke continues to be the target of public criticism. Many feel that the Fed's easy-money policies have continued far too long. What should have been a shot of adrenaline has become a long-term narcotic addiction with ill-understood side effects. By punishing savings and encouraging borrowing, the Fed may be setting us up for another financial crisis down the road.

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