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03/08/08
Fed chief sees housing problem as serious economic threat
Filed under: General, Real Estate, Mortgages
Posted by: Lillian Wong @ 3:20 pm

WASHINGTON - Bernanke’s call for banks to forgive portions of mortgages at risk of defaulting goes beyond the stance of the Bush administration and even previous Fed comments, indicating that he sees housing as a serious threat to the economy that can’t be addressed by fiscal or monetary policy alone.  More…

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