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Saturday, February 14, 2009

Bernanke's home sold in foreclosure

DILLON, S.C. -- Travis Jackson walks through his modest ranch house, admiring the kitchen's built-in spice rack and the red-oak floors. He draws back the curtains, and sunlight illuminates the pride on his face.

The young banker just bought Federal Reserve Chairman Ben Bernanke's childhood home at a foreclosure sale.

"This is where it all happened," marvels Mr. Jackson, a 27-year-old loan officer at First Citizens Bancorp, which is down the street from the old Bernanke place. "Kind of a surreal feeling, isn't it?"

Mr. Bernanke's family sold the property more than a decade ago. It ended up on the block late last year after its former owners fell behind on their mortgage payments.
http://online.wsj.com/article/SB123454070638883495.html

Now if only Bernanke would lose his current job.

A year ago, I wrote about Bernanke's home town. Then, he didn't get it. Maybe now he finally does.
http://aaronandmoses.blogspot.com/2008/01/bernankes-hometown.html

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