“Former Federal Reserve Chairman Ben Bernanke revealed last week that he was turned down when he tried to refinance his home loan. ‘I think it’s entirely possible’ that lenders ‘may have gone a little bit too far on mortgage credit conditions,’ he said. Bernanke also told the conference of the National Investment Center for Seniors Housing and Care that the first-time homebuyer market is ‘not what it should be.’ Bernanke was paid $199,750 annually as head of the central bank and reportedly earned $250,000 in March for his first public speaking engagement since stepping down in January. He also reportedly received $1 million in a deal to write his memoirs.”
http://www.foxnews.com/politics/2014/10/06/ex-fed-chief-bernanke-denied-loan-to-refinance-his-home/
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