Bernanke Says Mortgage Lending too Tight, Pendulum Swung Too Far

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Posted To: MND NewsWire

The HOPE Financial Dignity Center held its grand opening yesterday and hosted Federal Reserve Chairman Ben S. Bernanke as its speaker. The Center, located next door to Ebenezer Baptist Church in Atlanta, is designed to equip community members with tools to manage finances and build lasting financial security through programs such as a 10-week Kaplan University course on personal financial management. The Fed Chairman's speech focused on the recent history of housing , the fallout from the recent crisis and what government is doing to move forward. He told the audience that the burdens of a weak economy and the benefits of economic growth are not always equally shared. To be truly effective, policymakers must take into account how their decisions affect the least advantaged, not just the economy...(read more)

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Source: www.mortgagenewsdaily.com

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