Financial news on November 7th, 2010

Business and Financial news
Bernanke Attempts to Soothe Doubters

At a conference, the Fed chief, Ben Bernanke, says, “Our purpose is to provide some additional stimulus to help the economy recover and to avoid, potentially, additional disinflation.” Read more..

By SEWELL CHAN - The New York Times

How Liable is Goldman?

Professor Eric J. Pan talks about the role of clearing firms and possible consequences of the Bayou case. Read more..

Mac William Bishop - The New York Times

In Japan, U.S. Defends Fed Actions

Timothy F. Geithner, the Treasury secretary, said that the United States was not trying to devalue the dollar. Read more..

By HIROKO TABUCHI - The New York Times

Taking On a Second Mortgage to Pay the Foreclosure Lawyer

Some defense lawyers call the mortgages crass. Yet they solve a vexing issue: How can clients who are broke pay? Read more..

By DAVID STREITFELD - The New York Times

See what else happened on November 7th, 2010