First, we learned that Ben Bernanke's childhood home went into foreclosure (no Mom and Pop Bernanke were not the current owners). Then, the AP wrote about Tim Geithner's New York home, which is currently being rented at a rate likely too low to cover mortgage payments.
And now the Wall Street Journal is reporting Federal Deposit [...]

Tim Geithner...Out on the town it appears
First, we learned that Ben Bernanke's childhood home went into foreclosure (no Mom and Pop Bernanke were not the current owners), and now the AP's reporting that Tim Geithner's New York home is also suffering through the usual downturn tribulations.

The big news from this morning was Federal Reserve Chairman Ben Bernanke's hearing. Before the Joint Economic Committee this morning, he testified that recovery is on the horizon, likely starting late this year. Here's what Bernanke had to say about the housing market, according to a transcript posted online.
The housing market, which has been in [...]