Volcker: Crisis may be even worse than Depression

NEW YORK Fri Feb 20, 2009 2:30pm EST

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NEW YORK Feb 20 (Reuters) - The global economy may be deteriorating even faster than it did during the Great Depression, Paul Volcker, a top advisder to President Barack Obama, said on Friday.

"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," Volcker said. (Reporting by Pedro da Costa and Kristina Cooke; Editing by Theodore d'Afflisio)