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Bernanke Urges Banks to Forgive Portion of MortgagesQuicklink Submitted By Sheila Samples 1 comment
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| Federal Reserve Chairman Ben S. Bernanke, battling the worst housing recession in a quarter century, urged lenders to forgive portions of mortgages held by homeowners at risk of defaulting. But Treasury Secretary Paulson said the administration's strategy is "the right approach and we are making substantial progress." |
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Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.
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