Bernanke: Fed is Tackling Foreclosures

WASHINGTON (AP) -- Fighting to stem a dangerous wave of home foreclosures, Federal Reserve Chairman Ben Bernanke pledged Friday to do all that is possible to help struggling U.S. homeowners. The Fed is "strongly committed to fully employing our authority, expertise and resources to help alleviate their distress," Bernanke said in a speech to the National Community Reinvestment Coalition's annual meeting here. Record-high foreclosures are aggravating problems in the housing market and for the...Full Story
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