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Friday February 20, 07:54 PM
STOCKS NEWS US-Volcker: crisis may be worse than Depression

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1436 ET 20Feb2009-Volcker: crisis may be worse than Depression ------------------------------------------------------------------------------

Paul Volcker, a top advisor to President Barack Obama, on Friday said that the global economy may be deteriorating even faster than it did during the Great Depression.

'I don't remember any time, maybe even in the Great Depression, when things went down quite so fast, quite so uniformly around the world,' he said.

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