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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Les H who wrote (105492)2/28/2008 5:52:43 PM
From: Les HRead Replies (4) of 306849
 
Bernanke: Many troubled mortgages investor-owned

"My recollection is that among the mortgages that are having problems, something on the order of 20 percent of them are investor-owned, therefore not a family that is at risk of losing their home," Bernanke told the Senate Banking Committee.

"In those cases we shouldn't intervene in any way. Investors who make a bad investment should bear the consequences," Bernanke said.

reuters.com
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