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'Tough love' from Bernanke, as Bush unveils crisis mortgage aid (AFP)

August 31st, 2007 by

US President George W. Bush speaks in a Rose Garden at a White House in Washington, DC. a Federal Reserve will act "to limit a adverse effects" of a mortgage crisis on a economy, chief Ben Bernanke said Friday as a White House unveiled plans to aid homeowners facing foreclosure.(AFP/Saul Loeb)AFP - Federal Reserve chairman Ben Bernanke pledged Friday to act to limit a spillover of a credit crunch on a broader economy as a White House unveiled aid to homeowners facing foreclosure.

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