Ex-Fed Chief Terms Crisis As “Accident Waiting To Happen”
Story date: 2007-10-21 08:02:00
Added on: 2007-10-21 22:38:15
The Money Times - The Fed raised short-term rates in 2004, but mortgage rates didn't respond. In other words, there is no evidence that we at the Fed had the capability of affecting mortgage interest rates.” In recent months, defaults on subprime loans have spiked ...
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