A Quote by Ben Bernanke

It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions — © Ben Bernanke
It is not the responsibility of the Federal Bank - nor would it be appropriate - to protect lenders and investors from the consequences of their decisions
The federal government has the responsibility to protect the nation's public health, to protect us from foreign threats. And it [Zika] really is an illness that we are seeing arrive from abroad. So it is a threat to public health, and it is the federal government's job to cooperate in this.
Political freedom is neither easy nor automatic, neither pleasant nor secure. It is the responsibility of the individual for the decisions of society as if they were his own decisions-as in moral truth and accountability they are.
Nothing did more to spur the boom in stocks than the decision made by the New York Federal Reserve bank, in the spring of 1927, to cut the rediscount rate. Benjamin Strong, Governor of the bank, was chief advocate of this unwise measure, which was taken largely at the behest of Montagu Norman of the Bank of England....At the time of the Banks action I warned of its consequences....I felt that sooner or later the market had to break.
I would never abdicate, nor would I expect any other governor to abdicate, the responsibility to protect the people of my state.
Before the CFPB, there was no single agency or entity within the federal government tasked with protecting Americans from predatory or negligent practices of banks, credit card companies, mortgage lenders, payday lenders, credit rating agencies and other financial service businesses.
There's no denying that a collapse in stock prices today would pose serious macroeconomic challenges for the United States. Consumer spending would slow, and the U.S. economy would become less of a magnet for foreign investors. Economic growth, which in any case has recently been at unsustainable levels, would decline somewhat. History proves, however, that a smart central bank can protect the economy and the financial sector from the nastier side effects of a stock market collapse.
The Federal Reserve has the responsibility to protect the credit rights of consumers.
The federal government has a responsibility to protect all Americans from potential terrorist attack.
Too often, investors are the target of fraudulent schemes disguised as investment opportunities. As you know, if the balance is tipped to the point where investors are not confident that there are appropriate protections, investors will lose confidence in our markets, and capital formation will ultimately be made more difficult and expensive.
The proposed constitution, therefore, even when tested by the rules laid down by its antagonists, is, in strictness, neither a national nor a federal constitution; but a composition of both. In its foundation it is federal, not national; in the sources from which the ordinary powers of the government are drawn, it is partly federal, and partly national; in the operation of these powers, it is national, not federal; in the extent of them again, it is federal, not national; and finally, in the authoritative mode of introducing amendments, it is neither wholly federal, nor wholly national.
At the heart of mature masculinity is a sense of benevolent responsibility to lead, provide for, and protect women in ways appropriate to man's differing relationships.
The federal government neither has the power to site transmission lines, nor do we build them. That's done, as people know, in their own communities. The siting decisions and the permitting is done at the local level, or by state governments if it's interstate in nature. And federal government - this is one area we have no authority.
The US no longer does decisions. It can neither stop the drug traffic nor legalize it. It can neither win wars nor abandon them, neither make money nor stop spending it, neither stop immigration nor assimilate the immigrants. Washington can beat its thumb with a hammer, yes, and notice that it hurts, but it can't stop beating its thumb. That would take a decision, and Washington doesn't do decisions.
I was Chairman of the Federal Reserve Bank of Kansas City. As you know, there are twelve banks and they have their citizens board, and I got elected to the Fed Chairmanship for the Federal Reserve Kansas City Bank back in the mid-'90s. It might have been 1995-'96.
There's a lot of sensitivity about federal involvement in elections around the country. I think that it would be appropriate to consider - whether there should be some basic federal minimum standards to the cybersecurity around the election infrastructure. We have federal standards for aviation security, for auto safety, for a lot of things, and elections are pretty important in the country.
I learned about choices and consequences and responsibility. I learned that we all have choices, even when we don't recognize them, and that those choices have consequences, not just for ourselves, but for others. We must assume responsibility for those consequences.
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