People are often seen comparing the recent Great Recession with the Great Depression. The main cause for the depression was irresponsible borrowing of, just opposite happened in Recession where bank lent the money irresponsibly. 50% of banks had failed in Great depression while this margin is about 0.6% in the Great Recession. There was 25% unemployment rate in the Depression while it was 8.5% in the recession. While one common thing between them is that, both of the presidents during that period used Wall Street Bankers’ as their scapegoat.