Bernanke says that the risks of a major downturn "have diminished" over the past month, but inflation is a bigger worry.
China's stock market drops 8.1% today; it's down 45% since October as the overheated market cools down.
The Federal Housing Administration will post a loss of $4.6 billion largely due to poor performance of seller-financed down payment programs and defaults on home loans.
Geithner says we need more regulation.
No comments:
Post a Comment