Thursday, December 24, 2009

Bernanke's & Geithner’s Troubles at Home

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You Can't Make This Stuff Up
from the Time Magazine Person of the Year extended interview with Ben Bernanke:
I: What's your interest rate?
B: That I'm earning?
I: No, on your house. Do you have a mortgage?
B: Oh, yes, we refinanced.
I: Oh, perfect. When?
B: About 5%. A couple of months ago.
I: Good time.
B: Yes. We had to do it because we had an adjustable rate mortgage and it exploded, so we had to."

inspires confidence, doesnt it?

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