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| Bernanke's Tale Underscores Dodd-Frank's Failure |
| 2014-10-05 |
| [NEWS.INVESTORS] Regulation: It sounds like the punchline to a bad joke: Former Fed chief Ben Bernanke was recently turned down to refinance his mortgage. If the nation's former top bank regulator can't qualify, something's very wrong. 'Just between the two of us," Bernanke told Moody's economist Mark Zandi at a recent conference, "I recently tried to refinance my mortgage, and I was unsuccessful." Though played for laughs, it was no joke. "I'm not making that up," Bernanke said. "I think it's entirely possible (lenders) may have gone a little bit too far on mortgage credit conditions." |
| Posted by:Fred |
| #3 Besides, the Great Depression 1 was more than two years ago. |
| Posted by: gorb 2014-10-05 11:05 |
| #2 "I'm not making that up," Bernanke said. "I think it's entirely possible (lenders) may have gone a little bit too far on mortgage credit conditions." No, just getting back to where we were before Mr. Frank and Co. issued orders to the banks to give totally unqualified individuals mortgages resulting in the great economic implosion of the late '00s. You know all those practices learned from the Great Depression that were ignored or thrown overboard because we were so modern, hip, urban, and socialist. |
| Posted by: Procopius2k 2014-10-05 09:22 |
| #1 If Ben the Chairsatan gives 3 more speeches at $150,000 a pop, he can pay off his mortgage with cash. |
| Posted by: Anguper Hupomosing9418 2014-10-05 02:02 |