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reuters.com - 11/12/2008
Whitehead sees slump worse than Depression | Industry Summits
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NEW YORK (Reuters) - The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead, said at the Reuters Global Finance Summit on Wednesday. Whitehead, 86, said the prospect of ...

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Calculated Risk:  Whitehead: "Worse than the Depression"

Politics on HuffingtonPost.com:  Jacki Zehner: The Trouble with America Is...

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Whitehead: "Worse than the Depression"
Calculated Risk — Upping the ante on JPMorgan's CEO Dimon and Merrill's CEO Thain (see previous post), former Goldman Sachs chairman John Whitehead is quoted as saying the current slump will be worse than the Great Depression! From Reuters: Whitehead sees slump worse than Depression (hat tip Rex Nutting) The economy faces a slump deeper than the Great Depression and a growing deficit threatens the credit of the United States itself, former Goldman Sachs chairman John Whitehead ... "I think it would be worse than the depression," Whitehead said. "We're talking about ...

Jacki Zehner: The Trouble with America Is...
Politics on HuffingtonPost.com — ... , agency, municipal, asset-backed, and corporate debt out there that we are relying on the world to continue to finance. If the world does not believe we care enough to do the right things to ensure that debt will get paid back, and not with a massively deflated currency, then we will be in even deeper trouble than we are in now. ...

Tom Engelhardt: The Day the Earth Still Stood: What Will Obama Inherit?
Politics on HuffingtonPost.com — ... Now, let's return to our last president's news conference and consider what he claims his "chief economic advisors" told him in private last fall. His statement was, in fact, staggeringly worse than just about anything you can presently read in your newspapers or see on the TV news. What was heading our way, he claimed he was told, might be "worse" or "greater" than the Great Depression itself. Admittedly, John Whitehead, the 86-year-old former chairman of Goldman Sachs, suggested in November that the current economic crisis might turn out to be "worse than the [Great] ...

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