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Bernanke Says Banks Ahead Of Bankruptcy


The financial crisis will further casualties - of which is U.S. central bank chief Bernanke: Some banks would probably go bankrupt. Total dümpelt the U.S. economy down before - in the fourth quarter of 2007, the growth almost to a standstill.


Washington - now all hope rests on the economic program of President George W. Bush: To meager 0.6 percent increased the U.S. gross domestic product in the last quarter of 2007. At the same time, inflation. "There's no question that the growth slows," Bush said today. In a recession in the U.S. are located are not. We need time before a few weeks ago decided economic program effect. This includes a volume amounting to 168 billion U.S. dollars and aims to boost private consumption.




AFP
central bank chief Bernanke: U.S. economy grows more slowly

Pessimistic showed U.S. central bank chief Ben Bernanke: He was mainly due to rising inflation concerns. It hampers the work of the Fed. He assume that the U.S. economy because of the credit crisis can only grow slowly. Large, internationally active banks, the credit crisis could probably survive. Some would be bankrupt.
Second big problem child of the U.S. government is the real estate market. Spending on construction projects fell in the fourth quarter of 2007 compared with the previous year to 25.2 percent - that's the grßte decline for 26 years. In addition, more and more loans. This is especially the two mortgage insurance to buyers.
zweitgrßte Kreditfinanzierer Freddie Mac, through the real estate crisis in the final quarter of 2007, a record loss of 2.5 billion euros suffered. For the full year 2007, even at minus 3.1 billion U.S. dollars. In the previous year, the Kreditfinanzier still generates a surplus - the amount of 2.3 billion U.S. dollars.

Fannie Mae industry leader in 2007 also deep in the red numbers slipped. The group yesterday had an annual loss of 2.1 billion U.S. dollars announced. Both providers had because of the crisis the dividend cut and fresh capital into billions perform.
The low figures reflect one of the worst crises in the U.S. housing market. Support was given to two mortgage insurance buyers but yesterday by the U.S. supervisory authorities: They stressed existing ceilings on the business of Freddie Mac and Fannie Mae. The state-supervised Financiers may eingebrochenen given the market now to buy more mortgages. They acquire the loans from banks, bundling them into securities and sell them to investors.
The two by the public sector institutes have established state credit guarantees. As grßte source of money for U.S. home loans are currently behind some 40 percent of all mortgages. Both are running because of possible manipulations in real estate values investigations of the New York Public Prosecutor.

SIL / dpa / Reuters


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