Bernanke Was Wrong: Subprime Contagion Is Spreading (Update2)
By Bob Ivry
Aug. 10 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke was wrong.
So were U.S. Treasury Secretary Henry Paulson and Merrill Lynch & Co. Chief Executive Officer Stanley O'Neal.
The subprime mortgage industry's problems were contained, they all said. It turns out that the turmoil was contagious.
http://www.bloomberg.com/apps/news?pid=20601103&sid=a.pPEmZeZZCk&refer=us
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment