Bernanke, Geithner, Paulson Voice Some Concern About Next Crisis
- Emergency powers to tackle turmoil seen as weaker than before
- Former policy makers also decry rising budget deficits
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Federal Reserve policy makers appear confident that they have the weapons they’ll need to fight the next financial crisis. Some of their predecessors on the front lines are not so sure.
Ben Bernanke, Timothy Geithner and Henry Paulson all voiced varying degrees of concern about America’s ability to combat another financial meltdown 10 years after they played prominent roles battling the last one.