Fed's Bernanke says US has avoided two key mistakes made in Great Depression.

(From AFX Europe (Focus))

WASHINGTON (Thomson Financial) - Federal Reserve Board Chairman Ben Bernanke argued today that the US so far has successfully avoided two key mistakes made in the Great Depression, and said today's situation is "not remotely" as serious as the economic collapse of the early 1930s.

In a question and answer session after a speech to the Economic Club of New York today, Bernanke said the two big mistakes of the Great Depression were keeping money tight and allowing the financial system to collapse. When asked whether recent government policy actions would have helped avoid the Great Depression, Bernanke did not answer directly but …