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Bernanke: U.S. Bank Exposure ‘Small’ if Greece Defaults

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  • Description

    FBN’s Adam Shapiro on U.S. banks’ exposure to a potential Greek default.

  • Duration 0:57
  • Date

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Thank you very much David Wall Street turns bearish after the Federal Reserve acknowledged the did not have a -- read on why the US economy is slowing down.

The Central Bank expects things will pick up next here and pledged to keep interest rates at record lows to help them.

At the closing bell the Dow dropped eighty points ending the day at 12100109.

Federal Reserve Chairman Ben Bernanke had a press conference after the FOMC statement was made public and -- exposure to US banks.

Would be small if Greece defaulted on its debt.

Money market funds on the other hand.

They would have greater exposure.

Later today President Obama will outline his plan to withdraw US troops from Afghanistan reports hit 101000.

-- be brought home by the end of this year that still leaves 20000.

In country who were part of the surge of buildup of US forces two years ago.

Fox Business will broadcast live tonight at 8 PM eastern when the president will unveil his plans at the latest from the Fox Business now.

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