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.
via Bernanke’s Tale Underscores Dodd-Frank’s Failure To Fix Banks – Investors.com.
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