Federal Reserve Chairman Bernanke Discusses the Global Response to Worldwide Economic Troubles at Senate Banking Committee Hearing

Chairman Ben Bernanke talks about the global nature of the current downward trends in housing and credit markets and describes the types of efforts being made jointly by the U.S. and other nations to address and correct them. (1:00)
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At Senate Banking Committee Hearing, Senator Robert Menendez (D-NJ) Says Government Officials Should Have Acted Sooner On Foreclosure Crisis

Senator Menendez says that instead of a wake up call from Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson, the nation got a 'wait and see' attitude. (1:00)
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