New assurances from Bernanke and Paulson

Ben Bernanke, chairman of the Federal Reserve, told the American Congress today that "significant market stress" had been caused by the credit crisis, but reiterated his assurances that regulators would move to curb fallout from the subprime mortgage problems.

Speaking on the current situation in testimony in front of the US House of Representatives' Committee on Financial Services, Bernanke first outlined the origins of the subprime crisis and then noted statements made by the Fed to borrower