Federal Reserve Bank Chairman Ben Bernanke before the House Financial Services Committee

<a class="taxInlineTagLink" id="ORGOV000035" title="Federal Reserve" href="/topic/business/economy/economic-policy/federal-reserve-ORGOV000035.topic">Federal Reserve Bank</a> Chairman <a class="taxInlineTagLink" id="PEBSL000004" title="Ben Bernanke" href="/topic/business/economy/economic-policy/ben-bernanke-PEBSL000004.topic">Ben Bernanke</a> testifies before the House Financial Services Committee on July 24, 2009 that consumer protection is best left with the central bank, rather than the proposed new federal agency. At a town hall meeting in Kansas City, <a class="taxInlineTagLink" id="PLGEO100103100000000" title="Missouri" href="/topic/us/missouri-PLGEO100103100000000.topic">Missouri</a> on July 26, Bernanke defended the Fed's bailouts by claiming they were implemented to avoid a "second Great Depression."

( Chip Somodevilla/Getty Images )

Federal Reserve Bank Chairman Ben Bernanke testifies before the House Financial Services Committee on July 24, 2009 that consumer protection is best left with the central bank, rather than the proposed new federal agency. At a town hall meeting in Kansas City, Missouri on July 26, Bernanke defended the Fed's bailouts by claiming they were implemented to avoid a "second Great Depression."

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