Bernanke Says U.S. Must Step Up Foreclosure Efforts

Bernanke Says U.S. Must Step Up Foreclosure Efforts

Federal Reserve Chairman Ben S. Bernanke urged using more taxpayer funds for new efforts to prevent home foreclosures, saying the private sector is incapable of coping with the crisis on its own.

The Fed chief outlined four possible options, including buying delinquent mortgages and providing bigger incentives for refinancing loans. He called for addressing the

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