The joys of American banking

The former chairman of the Federal Reserve, Ben Bernanke, revealed at an October conference in Chicago that even though his post-government income will be several times what he earned as Fed chairman, he was nonetheless rejected recently when he tried to refinance his Washington, D.C., home. 

Mortgage-lending is so highly computerized, he was told, dictated by formulas, that he apparently got caught in an algorithm. Despite a probably-seven-figure book contract and six-figure public speeches, he is no longer “employed” in a steady job, which apparently caused a computer program to signal him as too risky. 

Source: New York Times, 10-2-2014

Damien's note: I got nothing. It speaks for itself. Oh, yeah -- six-figure public speeches?