And in case anyone did not fully grasp his message, Mr. Bernanke explained, "Too big to fail was a major source of the crisis, and we will not have successfully responded to the crisis if we do not address that successfully".
"Hasty deregulation has repeatedly been the source of financial crises — the savings and loan crisis, the Enron-era crisis and the Great Recession of 2008, to name a few," said Senator Jack Reed, a Rhode Island Democrat who voted against the measure after his effort to substitute a rewritten bill failed earlier this week.
"Too Big To Fail was a major source of the crisis," he added a little later, "and we will not have successfully responded to the crisis if we do not address that successfully".
And what, or should I say who, is the source of this crisis?
Water shortages are a source of recurrent crisis in many parts of the country.
The source of the crisis lies in the Province of Quebec".
But the fundamental source of the crisis, and of the banks' troubles, was the orgy of irresponsible lending.
In all three, runaway banking was the source of the crisis — although not everyone seems to get this, even now.
Mitchell, at his first dinner with Marnie, discloses the source of the crisis: "I don't really watch very much TV".
