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Date: (06-11-09) Time: (00:04:28) |
Description: Illinois, asks about restoring confidence, and whether declining consumer and lender confidence are feeding a vicious circle. Mr. Bernanke says the reason banks and credit markets are currently frozen no longer has to do with the legacy about subprime mortgages; rather, sclerotic conditions have more to do with concern about where the economy is going. If the government can reverse those fears, he says, we can get a virtuous circle going rather than a vicious circle. Asked again to evaluate ...