Fed Calls For More Aggressive Plan To Aid Distressed Homeowners

Date March 8, 2008

Fed Chairman Ben S. Bernanke yesterday called for a more aggressive response to the nation’s housing and foreclosure crisis, suggesting that lenders do more to help struggling homeowners avoid foreclosure and, in turn, help stave off further erosion of home prices in distressed areas and the broader economy.
"This situation calls for a vigorous response," Bernanke [...]

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