You know it's bad when a former chairman of the Federal Reserve can't even get a loan. Ben Bernanke revealed yesterday that he was turned down for a refinance loan. From Bloomberg:
The former Federal Reserve chairman, speaking at a conference in Chicago yesterday, told moderator Mark Zandi of Moody’s Analytics Inc. -- “just between the two of us” -- that “I recently tried to refinance my mortgage and I was unsuccessful in doing so.”
When the audience laughed, Bernanke said, “I’m not making that up.”
“I think it’s entirely possible” that lenders “may have gone a little bit too far on mortgage credit conditions,” he said.
Maybe perhaps he will also notice that food prices have gone up now that he is no longer Chairman.
Campaign for Liberty is leading the charge to provide transparency to the Federal Reserve. Tell Harry Reid to hold a vote on S.209 today!
Tags: Audit the Fed, Campaign for Liberty, Federal Reserve