FOX NEWS

Thursday, February 25, 2010

THE GREATEST FINANCIAL CRISIS EVER

So how long did the depression last in the '30's, when the government did almost exactly the same things it's doing now? Why should we believe any recovery is in sight if this crisis dwarfs that one?

"Former Federal Reserve Chairman Alan Greenspan said on Tuesday the U.S. economic recovery was "extremely unbalanced," driven largely by high earners benefiting from recovering stock markets and large corporations.

Small businesses and the jobless are still suffering from the aftermath of a credit crunch that was "by far the greatest financial crisis, globally, ever" -- including the 1930s Great Depression, said Greenspan in an address to a Credit Union National Association conference."
Reuters

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