Ben Bernanke has a mortgage on his home in DC, a domicil valued at $815,000. Bernanke gets $250,000 per speech and just signed a book deal for seven figures. But, he just changed jobs and he was turned down when he tried to refinance! What was the job he formerly had, you might ask. He was the Chairman of the Federal Reserve for America. Yes, it is that Ben Bernanke.
How stupid is this? Is there no human intervention or common sense left at all? Can you imagine anyone who is a better bet to successfully pay his mortgage off in time?
It used to be individuals who had the corner on insanity. Now it is the system.