Even Ben Bernanke can't get a loan

[ksen]

http://www.washingtonpost.com/blogs...w-hard-is-it-refinance-just-ask-ben-bernanke/

Just in case anyone’s wondering how tough it really is to get a mortgage these days, consider this: Even Ben S. Bernanke got turned down for a loan.

The former Federal Reserve chairman revealed this tid-bit Thursday at a conference in Chicago, where he was the keynote luncheon speaker. Bernanke told the crowd that he had tried to refinance his mortgage, according to Bloomberg, but was “unsuccessful in doing so.”

“I’m not making that up,” Bernanke said when the audience laughed.

So the Fed pumps billions, if not trillions, of dollars to the banks and they turn around and tighten up on credit.

Sounds reasonable.

 

[Tom Sawyer]

Maybe the bank's been talking to Obama and they know more about Bernake's employment prospects than he does.

 

[Jason Harvestdancer]

Maybe they saw Bernanke's policies as Fed Chairman and feared he ran his personal finances the same way.