Bernanke Urges Banks to Help Borrowers More (NPR)
Story date: 2008-03-04 03:49:30
Added on: 2008-03-04 15:54:48
Federal Reserve Chairman Ben Bernanke told a roomful of bankers Tuesday that they need to do more to help troubled borrowers. Banks have been giving borrowers who are about to default more time to make payments and are renegotiating interest rates in some cases, but few banks have considered reducing the principal owed. That's exactly what the Fed chairman suggested they do.
Read more...
Related Stories:
-
Bernanke: US housing slump could get worse (The Herald)
Ben Bernanke, the chairman of the Federal Reserve, yesterday warned that the worst US housing slump in 25 years would worsen as...
2008-03-04 04:21:28 -
Vindu's View: Fed Chairman Bernanke rides to the rescue (San Jose Mercury News)
Who's going to save the U.S. economy from a recession: Federal Reserve Chairman Ben Bernanke or President Bush and the 535 members...
2008-01-23 04:14:38 -
Bernanke: Fed Ready to Act
CNBC - Chris Dodd, D-Conn., asks Fed Chairman Ben Bernanke to compare today's economy to ... Reserve Chairman Ben Bernanke talked about...
2008-02-26 03:55:00 -
Bernanke: Banks must get better at foreseeing risk - San Diego Union-Tribune
WASHINGTON – Commercial banks and other financial institutions need to beef up their ability to detect and protect themselves against risks like...
2008-05-15 09:59:00 -
Bernanke to banks: Keep raising capital - Chicago Tribune
Emphasizing the need to continue to build up a buffer against credit problems in the financial system, Federal Reserve Chairman Ben Bernanke...
2008-05-16 06:30:00 -
Federal Reserve Chairman Bernanke faces major interest rate decision
Detroit News - And if a whole bunch of people owe a whole bunch of banks billions and billions in shaky mortgage...
2007-09-18 12:03:00 -
Fed's Bernanke set for congressional grilling - Houston Chronicle
For Federal Reserve Chairman Ben S. Bernanke, events keep getting in the way. The chairman is seeing his efforts at using forecasts...
2008-07-15 04:29:00 -
Bernanke says more write-downs likely, but sees no risks of insolvency (The Forex Market)
WASHINGTON (Thomson Financial) - Federal Reserve Board Chairman Ben Bernanke said today that while it is a "good guess" that US banks...
2008-02-14 08:51:10