/ Register

  1. This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies. Learn More.

Fed Chief Says More Action Needed to Cut Foreclosures

Discussion in 'Economics and Financials' started by Fin Fan In Cali, Dec 4, 2008.

Tags:
  1. Dec 4, 2008 #1
    Fin Fan In Cali

    Fin Fan In Cali Dolphin fan since 1970 Luxury Box

    28,030
    13,840
    113
    Nov 22, 2007
    So. Cal
    Fed Chief Says More Action Needed to Cut Foreclosures - FOXBusiness.com

    Federal Reserve Chairman Ben Bernanke on Thursday called for additional measures to stem the rising number of mortgage defaults, stressing that home foreclosures have played a central role in the ongoing financial crisis.

    If trends continue, lenders will initiate 2.25 million foreclosures this year, up from an average annual pace of less than one million before the U.S. housing bubble burst in 2006.

    I have been saying this for how long now.
     

Share This Page