Bernanke speaks
If you enjoy reading Fed Chairman Ben Bernanke's thoughts about mortgage turmoil in original, non-excerpted fashion -- and who doesn't? -- then you'll naturally want to click here for the transcript of a speech he gave yesterday to the Economic Club of New York.
What? You don't?
Fine. Be that way. Here's an excerpt:
Conditions in financial markets have shown some improvement since the worst of the storm in mid-August, but a full recovery of market functioning is likely to take time, and we may well see some setbacks. In particular, investors are continuing to reassess the risks they face and have not yet fully regained confidence in their ability to accurately price certain types of securities. The ultimate implications of financial developments for the cost and availability of credit, and thus for the broader economy, remain uncertain.
If you want more than an excerpt but less than a speech, here's an AP story for you.
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