Federal Reserve Chairman Ben S. Bernanke offered his thoughts on lessons learned from the financial crisis in a lunchtime keynote speech during the conference Rethinking Finance: New Perspectives on the Crisis, an event hosted by The Century Foundation and Russell Sage Foundation on Fri 13-APR-2012

In his keynote speech, Some Reflections on the Crisis and the Policy Response, Ben Bernanke says –

Subprime mortgages & housing bubble were the trigger while high leverage, unstable funding, deficient risk management & supervision were the vulnerabilities that led to the financial crisis