The financial crisis which manifested in the USA in 2008, revealed the extent to which the largest and most interconnected financial institutions in the USA had become 'too big to fail', i.e., so systematically and significantly interwoven with each other and the entire US and global financial...

In 2012, Ben Bernanke, chairman of the U.S. Federal Reserve, gave a series of lectures about the Federal Reserve and the 2008 financial crisis, as part of a course at George Washington University on the role of the Federal Reserve in the economy. In this unusual event, Bernanke revealed...