You know it's tough when Ben Bernanke can't refinance!

Discussion in 'Markets & Economies' started by ozcopper, Oct 3, 2014.

  1. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    Former US Federal Reserve chairman Ben Bernanke says the American mortgage market is so tight that even he is having a hard time refinancing his own home loan.

    Speaking at a conference in Chicago, Mr Bernanke told moderator Mark Zandi of Moody's Analytics that "just between the two of us ... I recently tried to refinance my mortgage and I was unsuccessful in doing so".

    When the audience laughed, Mr Bernanke said "I'm not making that up."

    Read more: http://www.smh.com.au/business/worl...-refinance-20141003-10pyeo.html#ixzz3F4kjPLxj
     
  2. JulieW

    JulieW Well-Known Member Silver Stacker

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    The lenders know he has no financial sense!
     
  3. trew

    trew Active Member Silver Stacker

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    The most shocking thing is the fact that Bernanke has a mortgage in the first place.
    He's managed his own finances as badly as the finances of the country
     
  4. hawkeye

    hawkeye New Member Silver Stacker

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    Maybe he shouldn't have quit his job.
     
  5. ozcopper

    ozcopper Well-Known Member Silver Stacker

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    Quiting at the time he did was the smartest thing he ever did!
     
  6. willrocks

    willrocks Well-Known Member Silver Stacker

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    Maybe he knows hyperinflation is coming.
     
  7. errol43

    errol43 New Member Silver Stacker

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    MY call on this is BS..I can not bring myself to believe that Bernanke is the worlds worst treasurer. :)

    Regards Errol 43
     

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