Volcker: Crisis may be even worse than Depression (Reuters)

Paul Volcker, former chairman of the Federal Reserve Bank and current chairman of the President's Economic Recovery Advisory Board, speaks at the 'Emerging from the Financial Crisis' annual conference at Columbia University in New York, February 20, 2009. (Chip East/Reuters)Reuters – The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top adviser to President Barack Obama, said on Friday.


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