(Reuters) - WASHINGTON, June 26 - U.S. House Financial
Services Committee Chairman Barney Frank told Reuters on
Tuesday that subprime mortgage problems forcing a Bear Stearns
Cos. bailout of a hedge fund will not lead to broad
problems in the financial markets.
"There may be more problems with subprime loans," Frank
said when asked if the Bear Stearns fund problems might reflect
deeper subprime problems with hedge funds. "I don't believe
it's going to lead to a financial meltdown," the Massachusetts
Democrat added.
Read more at Reuters.com Bonds News
Services Committee Chairman Barney Frank told Reuters on
Tuesday that subprime mortgage problems forcing a Bear Stearns
Cos. bailout of a hedge fund will not lead to broad
problems in the financial markets.
"There may be more problems with subprime loans," Frank
said when asked if the Bear Stearns fund problems might reflect
deeper subprime problems with hedge funds. "I don't believe
it's going to lead to a financial meltdown," the Massachusetts
Democrat added.
Read more at Reuters.com Bonds News
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