Wednesday, June 06, 2007

Disclose, Disclose and Re-disclose

Federal Reserve Chairman Ben Bernanke recently addressed a Federal Reserve Bank of Chicago Conference focusing his comments primarily on the sub-prime mortgage market. Chairman Bernanke said "in my judgment, effective disclosures should be the first line of defense against improper lending. If consumers are well informed, they are in a much better position to make decisions in their own best interest." The Chairman also noted that he does not expect significant spillovers from the sub-prime market to affect the rest of the economy or the financial system. To view Chairman Bernanke's speech, click here

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