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Bernanke says commercial property may pose risk for economy

Posted on 23 July 2009

From Bloomberg: Federal Reserve Chairman Ben S. Bernanke said a potential wave of defaults in commercial real estate may present a “difficult” challenge for the economy, without committing to additional steps to aid the market.

Bernanke, testifying before the Senate Banking Committee today, urged lenders to modify “problem” mortgages to avert defaults………Full Article: Source


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