ben burnett, he was at the head of the u. s. federal reserve. at the time, he had the opportunity to put what he had researched 20 years earlier into practice, along with economist douglas diamond and philip to pick the 3 economists what awarded the nobel prize in economic sciences on monday for the findings on the role of banks and crisis and how to make them less vulnerable. the research, the fed has hip avoid destructive financial crisis and preventing costly bailouts. and i think the main thing is that it has allowed us to understand whole financial crisis. the relo on what to do both on the basis of bronowski research was another thing. the great depression of the 19 thirty's. it would probably have been a much my downturn, had financial institutions been protected from the run on savings. and if the fed had intervened more strongly, and a reminder of the top business stories way following for you here on t w, the moscow stock exchange plunged on monday. it followed the bridge explosion that connects russia and crimea a crucial supply route