Wednesday, March 5, 2008

Bernanke tried to convince the bank industry to remit some mortgages

Bernanke
The Federal Reserve is getting closer with its desires to help of stressed real estates owners and mortgage creditors, started its issue New York Times. The director of FED, Ben Bernanke told in fron ot some bankers in Florida, that "may and should to be done something more", to help to millions of people, whoes mortgages are getting bigger from the value of the property, which they are living in.
Bernanke stopped a little before asking the government for help, but tried to convince the bank industry to remit some parts from many mortgages. The president of Central Bank of USA expressed his apprehension, that market forces will not be enough, to prevent wider market disasters
Bernanke offered Federal property administration to get wider its own helping program, to that much more people to go from expensive subprime mortgages, to federal guaranted credits.

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