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Fed: Housing Trouble through 2009

Started by morganb · 1 year ago

Ben Bernanke reported to Congress that he expects turmoil in the housing and mortgage markets to continue through 2009 and has asked Congress for increased Federal Reserve powers to help address the market problems.

They’re still overly optimistic.  The plain fact is that Option ARM resets are going to start crashing on the shores of the [...] ... Continue reading »

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