Former chairman of the Federal Reserve Ben Bernanke, one of the key figures in global efforts to contain the 2008 financial crash, has been unable to refinance his own property, reports have claimed.
Mr Bernanke, who was involved in the bailout of insurer American International Group, was a key advocate of quantitative easing, and kept interest rates low in an attempt to lead the US out of the financial crisis.
But he said he had trouble refinancing one of his own properties because of mortgage lending standards, according to reports.
I’ve got to say.. If Ben Bernanke, former chairman of the US Federal Reserve Bank, cannot get a a remortgage, then what chance have the rest of us got?!
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