I was interested to see Fed Chair Ben Bernanke downplay the overall affect of continuing issues with sub-prime loans and lenders on the overall economy. In yesterday's testimony to Congress, Bernanke said the growing troubles in the market for risky mortgages thus far doesn’t appear to be spreading to the overall economy. “At this juncture ... the impact on the broader economy and financial markets of the problems in the sub-prime markets seems likely to be contained,” he said.
The full AP article can be found at: http://www.msnbc.msn.com/id/17831069/
