Battered Bernanke

The Friday File: Former Fed head Ben Bernanke, someone who knows a thing or two about home mortgages as under his watch the Fed purchased $1.5 trillion of them, was unable to refinance his mortgage. Here’s a guy who earns $250,000 a speech, and will earn millions from his book contract. His fatal flaw, in February he changed jobs. Talk about tight lending standards and the flaws of automated underwriting!