The Federal Reserve chairman Ben S. Bernanke, behind closed doors, termed it as the worst financial crisis in global history, including the Great Depression.

He stated that out of the thirteen most important financial institutions of the nation twelve institutions including Goldman Sachs had been on the verge of collapse within a week or two.

Thinking about the impact of a Citigroup bankruptcy, he kind of stated that four out of your five heart ventricles are fine, and the fifth one is lousy.'

Mr. Bernanke's remarks, from an interview taken on November 2009 with government investigators, were among the fresh details in the blow-by-blow chronicle of regulatory negligence and Wall Street carelessness that got released Thursday by a federal commission.

The report that got released by the Financial Crisis Inquiry Commission is banked on more than seven hundred interviews, millions of e-mail exchanges and other records that have not previously been revealed.

The official six hundred and thirty three- page document releases after the Dodd-Frank law tightened up financial regulation, its findings are certain to be pored over for years - and not just by historians.

Analysts, on Wall Street, were already searching one thousand two hundred supporting documents that the panel released on its Web site; an additional seven hundred documents and some three hundred transcripts of audio interviews are to be posted before the panel's mandate expires Feb. 13.

The report scrutinized the risky mortgage loans that gave rise to the housing bubble; the packaging of those loans into exotic securities that were sold to investors; and the careless placement of giant bets on those investments.

The panel found that allowing those developments were a bias toward deregulation by government officials, and mismanagement by financiers who failed to figure out the risks.