[SE Mom]

Just heard a gal who works on the Street on the phone with Glenn Beck. She says the Fed is doing research into the Depression, what might have been done to stop or minimze the effects.

This is getting ugly- the panic psychology is nearly impossible to stop.

[steve86]

She says the Fed is doing research into the Depression, what might have been done to stop or minimze the effects.

That is a ridiculous statement; the Fed is always researching issues pertaining to every possible kind of financial emergency and both Bernanke and Greenspan spent significant parts of their academic careers studying the depression. Question is did they learn anything?