Subprime losses could hit $100 billion: Bernanke (Reuters)

Posted at 20.07.07.

U.S. Federal Reserve Chairman Ben Bernanke speaks at a Senate Banking, Housing and Urban Affairs committee hearing in Washington July 19, 2007. (Jason Reed - UNITED STATES/Reuters)Reuters - 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.


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