(Reuters) - "The credit losses associated with subprime have come to
light and they are fairly significant," Bernanke told the
Senate Banking Committee in a second day of testimony on the
Fed's twice-yearly economic report.
"Some estimates are in the order of between $50 billion and
$100 billion of losses associated with subprime credit
problems," he said, referring to a segment of the mortgage
market that caters to borrowers with shaky credit.
Read more at Reuters.com Bonds News
light and they are fairly significant," Bernanke told the
Senate Banking Committee in a second day of testimony on the
Fed's twice-yearly economic report.
"Some estimates are in the order of between $50 billion and
$100 billion of losses associated with subprime credit
problems," he said, referring to a segment of the mortgage
market that caters to borrowers with shaky credit.
Read more at Reuters.com Bonds News
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