Summary Box: Fed examines insurance contracts between Wall Street and Greece

Summary Box: Fed eyes arrangements on Greek debt

THE NEWS: Federal Reserve Chairman Ben Bernanke said the central bank is examining arrangements Wall Street firms have with Greece involving high-risk financial instruments.

CONCERNS ON CAPITOL HILL: Senate Banking Committee Chairman Christopher Dodd, D-Conn., is concerned that financial companies are using credit default swaps — a form of insurance against bond defaults — to bet that Greece will default on its debt. He worries that could worsen the country’s debt crisis.