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SUBJECT:
Mishkin Says U.S. Crisis Was Worse Than 1930s: Tom Keene Bloomberg
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mandrews@ips.edu
DATE:
2011-03-28 17:31:16
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Curt Hastings
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Devon Archer
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Hunter Biden
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Mishkin Says U.S. Crisis Was Worse Than 1930s: Tom Keene Share Business ExchangeTwitterFacebook| Email | Print | A A A By Vincent Del Giudice and Tom Keene March 28 (Bloomberg) -- The U.S. financial crisis that started in 2007 was “worse and more complicated than the one that caused the Great Depression,” former Federal Reserve Governor Frederic S. Mishkin said today. While the economy skirted another depression, “we still have some serious problems,” such as credit availability for small businesses, Mishkin said on Bloomberg Television’s “Surveillance Midday” with Tom Keene. Mishkin, who served on the Fed Board from September 2006 to August 2008, and as research director at the Fed Bank of New York, is a professor of economics at Columbia University in New York. To contact the reporters on this story: Vincent Del Giudice in Washingtonvdelgiudice@bloomberg.net ; To contact the editor responsible for this story: Christopher Wellisz atcwellisz@bloomberg.net Last Updated: March 28, 2011 12:48 EDT
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