Subject: Mishkin Says U.S. Crisis Was Worse Than 1930s: Tom Keene Bloomberg
From: "Michael Andrews" <[email-masked]>
To: "Thad Brown" <[email-masked]>, "Ronnie Mainieri" <[email-masked]>, "Curt Hastings" <[email-masked]>, "Hunter Biden" <[email-masked]>, "Eric Schwerin" <[email-masked]>, "Devon Archer" <[email-masked]>
Date: Mon, 28 Mar 2011 13:31:16 -0400

Mishkin Says U.S. Crisis Was Worse Than 1930s: Tom Keene
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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 [email-masked] 
;

To contact the editor responsible for this story: Christopher Wellisz [email-masked]

Last Updated: March 28, 2011 12:48 EDT