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Bernanke Says MBS Purchase Plan ‘Is a Viable Option’

Nov. 2 (Bloomberg) -- “The housing sector is a very important sector,” and “so I do think purchases of mortgage-backed securities is a viable option” to help the industry and the economy, Federal Reserve Chairman Ben S. Bernanke said today in a press conference.

Those purchases are “certainly something we would consider if conditions” are appropriate.

To contact the reporter on this story: Vivien Lou Chen in San Francisco at vchen1@bloomberg.net

To contact the editor responsible for this story: Carlos Torres at ctorres2@bloomberg.net

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