Aug 25, 2008

Mortgage Crisis Update

If you don't think the mortgage mess is affecting real estate ...

“Problems in credit markets are not over and they are still a threat to the economy. Mandating tighter lending standards might help the safety and soundness of a particular institution; however, excessively conservative lending policies could prove counterproductive if they contribute to a weaker economic and credit environment.”

Federal Reserve Board, Ben Bernanke

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