2008 Meltdown Was Worse Than Great Depression, Bernanke Says

Bernanke: 2008 Financial Crisis Was Worse Than Great Depression
Ben S. Bernanke, chairman of the U.S. Federal Reserve, pauses while speaking during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 18, 2013. The Federal Reserve is cutting its monthly bond purchases to $75 billion from $85 billion, taking its first step toward unwinding the unprecedented stimulus that Bernanke put in place to help the economy recover from the worst recession since the 1930s. Photographer: Andrew Harrer/Bloomberg via Getty Images
Ben S. Bernanke, chairman of the U.S. Federal Reserve, pauses while speaking during a news conference following a Federal Open Market Committee (FOMC) meeting in Washington, D.C., U.S., on Wednesday, Dec. 18, 2013. The Federal Reserve is cutting its monthly bond purchases to $75 billion from $85 billion, taking its first step toward unwinding the unprecedented stimulus that Bernanke put in place to help the economy recover from the worst recession since the 1930s. Photographer: Andrew Harrer/Bloomberg via Getty Images

Former Federal Reserve Chairman Ben Bernanke, a prominent student of the Great Depression, contends that the 2008 financial crisis was actually worse than its 1930s counterpart.

Popular in the Community

Close

What's Hot