Nov. 23, 2008 -- WASHINGTON (AP) -- Federal Reserve Chairman Ben Bernanke acknowledges he was wrong in believing that there would be limited fallout to financial markets from risky mortgages that soured after the housing market's collapse.
''The causal relationship between the housing problem and the broad financial system was very complex and difficult to predict,'' he said in the piece titled ''Anatomy of a Meltdown.''
Subprime mortgages made to people with tarnished credit or low incomes were especially hard hit once the housing boom went bust. Foreclosures spiked and financial companies wracked up huge losses as these investments turned bad.
www.malaymail.com/news/world/2026/01/11/bomb-attac…
BANGKOK, Jan 11 — A series of late-night bomb attacks targeted 11 PTT petrol stations in Thailand’s southern border provinces of Narathiwat, Pattani and Yala…
www.khaama.com/at-least-eight-refugees-die-37-resc…
At least eight refugees died and 37 were rescued when their boat sank off Badmeli near Izmir, Turkish authorities said on Saturday.
katu.com/news/local/oregon-confirms-first-measles-…
Health officials in Oregon have confirmed the state's first measles cases of 2026, with two people diagnosed in Linn County.
abc11.com/post/measles-north-carolina-state-report…
Measles in North Carolina: State reports 5th case linked to South Carolina surge
