BUSINESS
12/06/2011 01:13 pm ET Updated Feb 05, 2012

Ben Bernanke: Reports On Fed's Loans Contained 'Egregious Errors And Mistakes'

Federal Reserve Chairman Ben
Bernanke wrote to lawmakers on Tuesday defending Fed lending
programs, saying reporting about those programs contained
serious flaws.

"These articles ... have contained a variety of egregious
errors and mistakes," Bernanke said in a letter to the chairs of
the Senate Banking and House of Representatives Financial
Services committees.

(Reporting By Mark Felsenthal; Editing by James Dalgleish)