Bernanke urges more action to stem home foreclosure crisis (AP)

Courtesy Ytop stories  Mon, 05/05/2008 - 9:04pm

In this April 3, 2008 file photo, Federal Reserve Chairman Ben Bernanke testifies on Capitol Hill in Washington.The Federal Reserve, which began the year aggressively fighting a severe credit crunch and economic weakness, may push the pause button after delivering perhaps one more quarter-point cut in interest rates.<br /><br />(AP Photos/Susan Walsh, File)AP - A rising tide of late mortgage payments and home foreclosures poses considerable dangers to the national economy, Federal Reserve Chairman Ben Bernanke warned anew Monday as he urged Congress to take additional steps to alleviate the problems.



Tags:

 

More related items

Bernanke to give Congress economic update (AP)
AP - Faced with mounting home foreclosures and job losses, Federal Reserve Chairman Ben Bernanke is under immense political and public pressure to...

Bernanke urging quick action on financial bailout (AP)
AP - Federal Reserve Chairman Ben Bernanke is urging Congress to quickly pass a $700 billion financial bailout, warning that letting problems persist...

Stocks jump on falling oil, inflation forecast (AP)
AP - Wall Street capped a volatile week with sharp gains Friday as oil prices tumbled and after Federal Reserve Chairman Ben Bernanke said inflation...

Bernanke: Financial crisis taking toll on economy (AP)
AP - Federal Reserve Chairman Ben Bernanke said Friday the financial crisis that has pounded the country — coupled with higher inflation — is...

Bernanke: Fannie, Freddie in no danger of failing (AP)
AP - Federal Reserve Chairman Ben Bernanke told Congress Wednesday that troubled mortgage giants Fannie Mae and Freddie Mac are in "no danger of...


 

Post new comment

The content of this field is kept private and will not be shown publicly.