Ben Bernanke actually said...

the Nation was on course for a cataclysm that could have rivaled or surpassed the Great Depression.

Ben Bernanke described the severity of the financial crisis in late 2008.

03/16/2011

More Ben Bernanke Quotes

we, the American people, the Congress needs to demonstrate a credible commitment to solving the long-term fiscal problems.

Absent any action, the debt-to-GDP ratio is going to be not only rising but rising at an increasing pace.

We do not want banks making bad loans. That is how we got in trouble in the first place.

It would be the better part of valor to take action now to make sure that we do not get too close to that point.