"I was not going to be the Federal Reserve chairman who presided over the second Great Depression," he said. "I had to hold my nose... I'm as disgusted as you are... I absolutely understand your frustration."
"Nothing made me more frustrated, more angry, than having to intervene" when companies were "taking wild bets," Bernanke said. But not acting would have had grave consequences for the economy, he added.
In March, Bernanke granted a rare TV interview, appearing on CBS' "60 Minutes." "I'm answerable to the American people," Bernanke told the audience at the town hall meeting.
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