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Saturday, September 18, 2010
"Tell me, what is the worst case scenario if in fact we were to see prices come down substantially across the country"?
Ben Bernanke/Chairman Council of Economic Advisors to the President
"Well I guess I don't buy your premise. It's a pretty unlikely possibility. We've never had a decline in house prices on a nationwide basis."
2/28/2007 Ben Bernanke/Chairman Federal Reserve
"There is not much indication at this point that subprime mortgage issues have spread into the broader mortgage market which seems to be healthy."
7/18/2007 "Overall the U.S. economy appears likely to expand at a moderate pace over the second half of 2007 with growth then strengthening a bit in 2008 to a rate close to the economy's underlying trend."