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VOL. 126 | NO. 34 | Friday, February 18, 2011

Bernanke: Fed is Moving Ahead on Financial Revamp

AP

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WASHINGTON (AP) – Federal Reserve Chairman Ben Bernanke says the central bank is working closely with other regulators to implement the biggest overhaul of the nation's financial rules since the 1930s.

The law enacted last year aims to protect the country from another financial crisis like the one that hit in 2008 and plunged the economy into a deep recession.

The Fed chief testified at a Senate Banking Committee hearing Thursday that work is under way to set up a government agency housed within the Fed for protecting consumers from abusive financial practices.

Copyright 2011 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 68 68 11,188
MORTGAGES 74 74 13,977
FORECLOSURE NOTICES 0 0 2,278
BUILDING PERMITS 146 146 24,180
BANKRUPTCIES 77 77 8,509
BUSINESS LICENSES 23 23 3,794
UTILITY CONNECTIONS 0 0 13,457
MARRIAGE LICENSES 35 35 3,066

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