The crisis in the U.S. housing market was collapsing in 2008 almost the entire financial world. The result: The banks committed themselves to hard standards. Partly responsible for drawing the then Fed Chairman Ben Bernanke. Whimsical:., The rules it will now be even fatal – at his home loan
Former Federal Reserve Chairman Ben Bernanke is expected to sublime actually of any doubt as to his credit to be. As a top academics and former peak force in the civil service, he should be a good match for credit intermediaries. But this is obviously not the case. “Between ourselves, I have recently tried unsuccessfully to refinance my mortgage loan” to Bernanke, according to the Financial Service Bloomberg on Friday to have said at a conference in Chicago.
Arcane lending standards in the United States
reason, the obscure lending standards in the United States. Because Bernanke few months ago gave his job at the central bank, the automated credit check programs the loan broker smell an increased risk of default. Since the ex-Fed chairman now earns his living for more than ten years with regular income, among other things as a speaker and author, his salary payments have become unpredictable.
Bernanke victim of his own standards
When triggered by looser lending crisis in the U.S. housing market in 2008 was nearly collapse the entire financial world, the banks have to comply with very strict standards. The Bernanke had to answer as the supreme guardian of financial stability at the time even with. However, he had the most impact differently. Perhaps the credit intermediary had gone a bit far, he said now.
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