Bernanke admits Fed failed in regulatory role

Ben Bernanke, the chairman of the Federal Reserve, has acknowledged that the central bank could have done a better job in preventing the financial crisis.

In a rare interview, Bernanke told CBS, an American broadcaster: "Well, like other regulators, we probably could have done more. We've already put a lot of effort into reviewing our practices. And reviewing the bank's practices. We are trying to strengthen our regulation at every point that we can. So, I don't want to deny that we certainly