From Yahoo!: Bernanke: more action needed to cut foreclosures
Federal Reserve Chairman Ben Bernanke called on the government Thursday to ramp up efforts to stem soaring home foreclosures, which are feeding into the country's deep economic troubles.
Fielding questions after his speech, Bernanke didn't foresee government intervention specifically aimed at boosting sagging home prices.
"I don't think we would be either willing or able to target house prices. I think that would probably be an impossible thing to do given the size of the national housing market," Bernanke said.
Bazooka Ben gave up already? Pak-pak-pak-pak-pakkak!
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