FE Editorial : Ben and the big picture

Ben Bernanke s comportment is usually as mild as his recent policy actions have been radical. So, it was with some surprise that US legislators and the global financial community heard the US Fed chief lambasting AIG, the taxpayer-funded former insurance giant. AIG recently received another $30 billion in public money, causing much anguish among US lawmakers. That anguish, plus popular and understandable dislike of bankers and now Bernanke s severe critique of AIG s risky ways are being seen as having possibly created the momentum of sweeping financial regulatory changes. Regulatory change must happen. But the risk is, as these columns have ...

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