Bernanke: Bail out bad borrowers, too

Filed Under (World Economy) by Fred Chan on 26-02-2009

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US Federal Reserve Chairman Ben Bernanke said Wednesday that the embattled housing market has crippled the economy, and at-risk homeowners need a bailout – even if they knew they couldn’t afford their home in the first place.

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Bernanke: Recovery will take years

Filed Under (World Economy) by Fred Chan on 25-02-2009

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Federal Reserve Chairman Ben Bernanke said he’s hoping the recession could end later this year, but he cautioned that a full economic recovery will take “more than two or three years.”

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