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Bernanke says crisis no comparison to Great Depression

breitbart.com — Federal Reserve chairman Ben Bernanke said Monday the current economic situation bears no comparison to the much deeper crisis of the 1930s Great Depression.

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  • kemp34, on 12/02/2008, -0/+2Yeah and in October 2005 he said there was no housing bubble to go bust.

    Bernanke is a stooge of the first degree.
  • inactive, on 12/02/2008, -0/+2The only thing we have to fear is fear itself. . .and FDR's policies.
  • brandonmarkb, on 12/02/2008, -0/+2As FDR said "the only thing we have to fear is fear itself." While I do think there is definitely some cause for concern, I fear that the subprime crisis would not have caused as much damage if there had not been so much fear and panic. Subprime crisis-->Credit Crisis-->fear-->Consumer Spending halts-->unemployment-->panic!

    Oh well, what to do? I do think it's healthy to hear things like this in lieu of all the doom and gloom. Unfortunately doom and gloom sells, so that's what we're being led to believe.

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