Sen. Dodd Sets Subprime Hearing for Thursday

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The Senate Banking Committee will hold a hearing on Thursday to look into the crisis in the subprime section of the U.S. mortgage market, said Chairman Christopher Dodd.

Dodd announced the date of the hearing on Friday, a day after he said the committee would meet next week.

In a statement, the Connecticut Democrat said ``predatory lending practices'' endangered home ownership for millions of people. ``As chairman, I will use all the powers and tools at my disposal to keep families victimized by predatory loans in their homes and ensure that America's dream of home ownership remains alive,'' said Dodd.

http://www.nytimes.com/reuters/washington/politics-subprime-congress-dodd.html

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