Federal Reserve Chairman Ben Bernanke called for more lending to people and small businesses in lower-income neighborhoods, saying they’ve been disproportionately hurt by the recession.
The premium investors seek to hold Greek debt has soared today following a day when Standard and Poor’s downgraded Greek’s credit rating to junk status.
By Steve Goldstein The Federal Housing Administration is expected to report later this week that it could exhaust its reserves because of rising mortgage delinquencies,