Monday, March 28, 2011

Fed's Mishkin: Crisis Worse Than Great Depression

The Fed governors are out in force today with big statements. Former Federal Reserve Governor Frederic S. Mishkin, and professor of economics at Columbia University in New York (Roubini's buddy?)  said today that the U.S. financial crisis was worse and more complicated than the one that caused the Great Depression.

He adds that we will still have some serious problems such as credit availability for small businesses.
Earlier today we had the comments from Bullard, please see our previous post.

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