Saturday, October 4, 2014

Bernanke, former Fed boss, not enough creditworthy to his bank – Release

Bernanke, former Fed boss, not enough creditworthy to his bank – Release

It is even more ready for the rich … The former president of the Federal Reserve, Ben Bernanke, questioned Thursday on the difficulty in getting a home loan in the United States when he himself is unable to refinance the loan. “I did not invent it!” he acknowledged at a conference. “It is very possible,” that the lending agencies “have gone a little too far on the requirements for obtaining a loan.” The former boss The Fed, which he left in late February, was nevertheless highly paid 199 750 dollars in 2013 according to the Wall Street Journal the lending agencies have come to rely on computer systems picky subscription after being pressed by regulators to tighten their conditions after the crisis “subprime” … A call of “Big Ben” on deregulation? Photo Jim Watson. AFP

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