Former Federal Reserve Chairman Ben Bernanke to Visit CBS SUNDAY MORNING, 9/27

The 2008 economic crisis was the worst the country has ever experienced, former Federal Reserve Board Chairman Ben Bernanke tells Norah O'Donnell in an interview for CBS SUNDAY MORNING WITH CHARLES OSGOOD to be broadcast Sept. 27, 2015 (9:00 AM, ET) on the CBS Television Network.

"The financial crisis itself, the collapse of asset prices, the near collapse of so many financial institutions, in my view, was the worst crisis than even what we saw in 1929, 1930," Bernanke tells O'Donnell.

Bernanke talks with CBS THIS MORNING Co-Host O'Donnell about the economic meltdown in 2008, the current economic environment, income inequality and his childhood in Dillon, S.C.

Given the crisis was the worst in human history, how did experts like Bernanke and others miss it?

"We understood part of it," Bernanke tells O'Donnell. "We saw that there were problems in the housing sector, that house prices were very high. We saw there were developing problems in subprime mortgages. What we didn't see - what I think almost anybody didn't see - was the vulnerability of the financial system to those factors."

CBS SUNDAY MORNING is broadcast Sundays (9:00-10:30 AM, ET) on the CBS Television Network. Rand Morrison is the executive producer.

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