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Published: December 4, 2008
Bernanke: More action needed to cut home foreclosures
By JEANNINE AVERSA - AP Economics Writer
WASHINGTON (AP) — Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles. Although a flurry of actions have been taken to ease the housing crisis, foreclosures still remain "too high" with adverse consequences for struggling homeowners, squeezed lenders and the broader economy, Bernanke ...
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