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Published: March 5, 2008
Bernanke remedies fall short, experts say
Federal Reserve Chairman Ben Bernanke 's attempt at moral suasion Tuesday hit Oklahoma lenders as redundant and doubtful — and academic, since Oklahoma, so far, is sitting out the national mortgage crisis.
Even with some relief efforts under way by industry and government, foreclosures and late payments on home mortgages are likely to rise "for a while longer,” Bernanke warned.
Bernanke called on lenders to...
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