Former Federal Reserve
Chairman Ben Bernanke called the 2008 economic crisis the "worst
financial crisis in global history", surpassing even the Great
Depression, the Wall Street Journal reported on Wednesday.
In a document deposited in the U.S. Court of Federal Claims
as part of a lawsuit linked to the 2008 government bailout of
insurance giant AIG, Bernanke said that out of 13 of the "most
important financial institutions in the United States, 12 were
at risk of failure within a period of a week or two."
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