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Title:

Fed Chairman Eats His Words on Housing Market

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In 2005 Ben Bernanke succeeded Alan Greenspan as chairman of the Federal Reserve. Just days before being nominated for the post, he assured Congress that the national housing boom was not a bubble that was about to burst and that a cooling in the market would not affect the economy. On Wednesday, Bernanke ate those words. Read on to find out what he had to say about housing, the economy and the possibility of a Fed intervention.

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