WASHINGTON, DC - Dec. 03: Federal Reserve Chairman Ben S. Bernanke during his Senate Banking confirmation hearing on his nomination to a second term. He made the case for a strong, independent central bank as he faced sometimes hostile questions about the Fed's recent actions during the hearing. But he also acknowledged the Fed's failure to spot problems in the financial system before they exploded into a crisis last year, and vowed it would not happen again. (Photo by Scott J....
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