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Bernanke: Subprime Mortgage Woes Won't Seriously Hurt Economy

CNBC
Summary
Nutrition label

81% Informative

Federal Reserve Chairman Ben Bernanke says he doesn't believe the growing number of mortgage defaults will seriously harm the economy.

Bernanke promises to crack down on abuses that have put millions of homeowners in jeopardy of defaulting on their mortgages.

He also says banks share significant risks when financing private equity deals.

The Fed will hold hearings in coming weeks on the matter.

VR Score

91

Informative language

96

Neutral language

78

Article tone

informal

Language

English

Language complexity

67

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links