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Reuters: Bernanke sees more house price drops

Started by chris, March 04, 2008, 09:34:19 PM

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chris

Bernanke sees more house price drops
      


ORLANDO, Florida (Reuters) - Banks may have to swallow reductions in the principal of some troubled home loans to ward off greater losses that could result from outright default, Federal Reserve Chairman Ben Bernanke said on Tuesday.
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