Thursday, July 19, 2007

Fed's Bernanke Finally Chimes In On Subprime Mess

Rising delinquencies and foreclosures, said Federal Reserve Chairman Ben Bernanke in remarks yesterday, "are creating personal, economic, and social distress for many homeowners and communities -- problems that likely will get worse before they get better."

Thank you Mr. Bernanke for echoing what I have been telling clients for more than three months now. I'm glad for the validation.

No comments: