America Breaking News: Bernanke Sees Need for Backstop for Mortgage Market

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America Breaking News: Bernanke Sees Need for Backstop for Mortgage Market

by Wochit 0:44 mins

America Breaking News: Bernanke Sees Need for Backstop for Mortgage Market

by Wochit 0:44 mins

Federal Reserve Chairman Ben Bernanke weighed into the contentious debate over the future of the housing finance system, saying some sort of backstop for mortgages was needed to protect the financial system in times of stress. As far as Moody's is concerned, the US government's triple A credit rating is safe, since the bond credit rating business labeled it as "stable" Congressional aides in the Senate and House of Representatives said that they were notified by email of a potential security risk involving email and other accounts.

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