All that said, given the fundamental factors in place that should support the demand for housing, we believe the effect of the troubles in the subprime sector on the broader housing market will likely be limited, and we do not expect significant spillovers from the subprime market to the rest of the economy or to the financial system.Ok. Nothing to see here, please move right along.
Sunday, May 20, 2007
Bernanke on the Suprbime Meltdown
In a recent speech Ben Bernanke, chairman of the Federal Reserve, talked about the subprime mortgage meltdown.
Posted by David at 11:41 PM