UPDATE 1-U.S. Treasury says subprime woes appear contained

(Reuters) - WASHINGTON, July 20 - The U.S. Treasury
Department on Friday said the recent woes in the subprime
mortgage market appear to be contained and do not now threaten
the broader financial system.




A senior Treasury official, speaking on condition of
anonymity, said the recent mortgage market turmoil "appears
contained" and is not imperiling the broader economy or
financial markets.


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