06 Stocks
Out of context: Reply #84
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"Millionaires like Whitehead might be happy about keeping an extra $20 thousand dollars a year in their pockets, but as a former Chairman of The Federal Reserve Bank of New York and a former CEO of one of the largest investment banks in the world, Whitehead is concerned about the broader state of our economy.
MARIA HINOJOSA: You're saying that this particular time is the worst time in terms of the federal deficit and the fiscal state of affairs in our country?
JOHN WHITEHEAD: Yes. I think the most dangerous time, maybe-- in my lifetime. And I've been looking at these things for quite a few years now. I suppose 1928 looked something like it does today. Everybody was happy in 1928. But doom came in 1929 and it lasted-- the Depression lasted for many years. "