FSA's Turner: we learned from Great Depression
We have learned from the Great Depression that in the face financial collapse, governments and central banks must take exceptional measures, said Adair Turner, the chairman of the UK's Financial Services Authority.
Speaking at an international banking seminar in Washington, Turner said that governments and central banks also had to have the resources to take exceptional measures. He also said that the chances of an economic disaster as severe as the Great Depression are close to nil, though
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