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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 This material may not be published, broadcast, rewritten or redistributed.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 85 280 4,313
MORTGAGES 90 328 5,186
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 121 432 9,365
BANKRUPTCIES 62 192 3,374
BUSINESS LICENSES 33 111 1,683
UTILITY CONNECTIONS 59 199 3,712
MARRIAGE LICENSES 12 61 986

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