Geithner Sees “Economic Improvement” As Mortgage Delinquencies Hit All Time High

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Geithner said he expected continued economic improvement for the rest of 2009 and a reversal in job losses the following year.. referring to the mortgage finance giants taken over by the.

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 · With financing markets locked up and the economy still mired in recession – unemployment is at a 26-year high while capacity utilization, a key measure of industrial production, recently hit a record low – observers fear a wave of loans will go bad in coming quarters . . .

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