Economics

Transcripts: Bernanke was ‘uncomfortable’ with Bank of America bailout

Transcripts: Bernanke was ‘uncomfortable’ with Bank of America bailout

CHARLOTTE, N.C. — Amid the financial crisis in January 2009, then-Federal Reserve Chairman Ben Bernanke told colleagues he was “uncomfortable” with providing extra aid to Bank of America. But he said he also wasn’t willing to draw a line on bailouts if it meant the failure of such a large firm, according to Fed transcripts released…

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