Bernanke says subprime losses could reach $100 bln
253661
Federal Reserve Chairman Ben Bernanke on Thursday said losses associated with subprime mortgages could reach $100 billion.
671168
Investor's Business Daily - Two mil subprime-mortgage foreclosures are expected by '09 if home prices continue to fall, according to a report by congressional Dems. The Joint Economic Committee predicted that $71 bil in housing wealth will be destroyed and states will lose $917 mil in property tax revenue. The report called for stronger action to prevent foreclosures.
364483
Ben S. Bernanke said the Federal Reserve was âprepared to act as neededâ to prevent market woes from spreading while the Dow closed up nearly 250 points as investors went bargain-hunting.
419146
Federal Reserve Chairman Ben Bernanke is likely to tell Congress this week the central bank is more worried U.S. inflation will flare than it is that housing market turbulence will seriously damage the economy.
301870
U.S. Federal Reserve Chairman Ben Bernanke said on Friday that Chinese policy-makers risk losing control of their economy unless they let their yuan currency rise in value and strengthen their financial system.
475101
Germany's IKB Industriebank says  losses from its exposure to US sub-prime mortgages will reach almost $1bn.
584321
Federal Reserve Chairman Ben  Bernanke told Congress on Wednesday the U.S. economy will grow  gradually this year and gain steam in 2008, but warned there  are many risks to the outlook and stressed the U.S. central  bank is on guard against inflation.
552736
Fed boss Ben Bernanke is monitoring problems at bond insurers that may see more sub-prime banking losses.
382338
ST. LOUIS  - Losses to lenders and investors in subprime mortgage markets were even-handed and the result of poor underwriting and investing decisions, St. Louis Federal Reserve Bank President William Poole said on Friday.
291432
Goldman Sachs Group Inc.  Chief Financial Officer David Viniar predicted that the U.S. subprime mortgage market, which has suffered rising defaults and generated losses for lenders over the past year, will get worse before it gets better.
25157
Federal Reserve Chairman Ben Bernanke said on Thursday the U.S. economy's prospects were worsening because of a weak housing sector and credit market turmoil and said the central bank was ready to act aggressively to bolster it.
223780
Federal Reserve Chairman Ben Bernanke is scheduled to testify on February 14 before the Senate Banking Committee on the U.S. economy and the state of the U.S. financial markets, a source familiar with the matter said on Tuesday.
471760
Towering losses at Merrill Lynch  on Thursday stirred credit crisis fears before a key testimony by U.S. central bank chief Ben Bernanke.
519429
WASHINGTON - The message from Ben Bernanke and his Federal Reserve colleagues is clear: The housing slump will drag on well into next year as credit problems linger. What's not so apparent is how they'll deal with the crisis, although another interest rate cut could come this week.
590908
U.S. Federal Reserve Chairman Ben  Bernanke said on Thursday that subprime mortgage losses could  hit $100 billion and threaten consumer spending, but he sought  to reassure lawmakers that the central bank was working quickly  to strengthen lending regulations.
417728
Federal Reserve Chairman Ben Bernanke vowed Friday to do all that is necessary to protect the national economy from the ill effects of a global credit crunch &#151; but not to bail out investors and lenders "from the consequences of their financial decisions."
599299
JACKSON, Wyo., Aug. 31 -- Federal Reserve Chairman Ben S. Bernanke said Friday that the central bank was willing to take action to ease damage to the economy from troubled financial markets, and President Bush introduced a plan to help people who are at risk of losing their homes to foreclosure.