Published on Northloop Neighborhoods (http://northloop.14gram.com)
Bernanke urges more action to stem home foreclosure crisis (AP)
By admin
Created 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) [1]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.


Source URL (retrieved on 11/22/2008 - 10:48am): http://northloop.14gram.com/bernanke-urges-more-action-stem-home-foreclosure-crisis-ap

Links:
[1] http://us.rd.yahoo.com/dailynews/rss/topstories/*http://news.yahoo.com/s/ap/20080506/ap_on_go_ot/bernanke_housing