Thursday, July 19, 2007

WRAPUP 1-Subprime losses could cost $100 billion-Bernanke

(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

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