The impact on the broader economy and financial markets of the problems in the subprime markets seems likely to be contained.
Ben BernankeImportantly, in the 1930s, in the Great Depression, the Federal Reserve, despite its mandate, was quite passive and, as a result, financial crisis became very severe, lasted essentially from 1929 to 1933.
Ben BernankeI generally leave the details of fiscal programs to the Administration and Congress. That's really their area of authority and responsibility, and I don't think it's appropriate for me to second guess.
Ben BernankeSeptember and October of 2008 was the worst financial crisis in global history, including the Great Depression.
Ben Bernanke