Fed Chief Ben Bernanke's Boyhood Home is Foreclosed

The South Carolina property was purchased by a young banker.

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Looks like the housing crisis is hitting home for Federal Reserve Chief Ben Bernanke.

From The Wall Street Journal:

Travis Jackson walks through his modest ranch house, admiring the kitchen's built-in spice rack and the red-oak floors...

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.