Friday, April 17, 2015

Bernanke to Join Citadel

Former Fed Chair Ben Bernanke will not be teaching economics at The Citadel, a private military college in South Carolina.  He'll earn much bigger bucks advising Citadel, a $25 billion hedge fund.

He will offer his analysis of global economic and financial issues to Citadel’s investment committees. He will also meet with Citadel’s investors around the globe.
Citizen Ben is the latest to hang his hat and fatten his wallet at the feet of the greed and leverage boys.  Rather than teach our children how to avoid the errors of his generation, Ben will cash in.  That's the state of greedership in American branded global financial monstrosities.

As Citadel welcomed Ben with open arms it booted a trader who lost $1 billion in 2014.  I imagine Ben will be the balm to soothe the wounds of many Citadel investors.