Tainted Lunch Meat : Not so Great Depression

Ben Bernanke seems to wish to make clear that the current economic disaster is completely different from the Great Depression. To his credit I think he is right, kind of. He's talking percentages and not volumes, so clearly we aren't in as bad of shape, yet. But if those percentages start creeping up to Great Depression levels, the volumes of loss today would be unimaginable. Plus he adds that the Fed did nothing but stand by in the Great Depression, and everything went to shit. So obviously if the Fed does things, you know, other than nothing, it couldn't possibly go to shit again, right. So far the bailout seems to be working, banks are lending and the stock market is rebounding, failing.