Name:	lucky67 -	Reply
Subject:	only in America
Date:	4/16/2015 8:51:21 AM

just announced--former Federal Reserve head ben bernake, is now a "consultant' to a major Hedge Fund--so our former head regulator is now advising hedge funds

Name:	Talullahhound -	Reply
Subject:	only in America
Date:	4/16/2015 11:21:21 AM

He is also a consultant to the Citadel.  I don't understand your problem with his being a consultant to a Hedge fund.  He's a financial guy and he is probably hoping to make some major $$$ to secure his retirement.  I'm curious as to what you think an "appropriate" job for him would be?

Name:	MrHodja -	Reply
Subject:	only in America
Date:	4/16/2015 12:31:39 PM

The question is this:  what, if anything, did he do for the hedge fund BEFORE he left the Fed and is the position payback.  Conflict of interest or the appearanced of COI are no-nos, but unfortnately adherence to the standards by individuals and enforcement by organizations seems to vary widely.

Name:	lucky67 -	Reply
Subject:	only in America
Date:	4/16/2015 1:11:58 PM

Citadel is the hedge Fund I was referring to; evidently you are not aware of how hedge funds participated in the Mortgage meltdown & are now continuing to do so

Name:	Talullahhound -	Reply
Subject:	only in America
Date:	4/16/2015 6:45:35 PM

Yes, I am vaguely aware of it.  But I don't see anything wrong with him becoming a consultant to Citadel.  I don't think that it necessarily an indication that he did any special favors for anyone.  Lots of Congressional staffers leave Congress and go to work for Lobbyists.   I don't fault anyone for looking for a high paying job, using their knowlege and experience.  I don't know the particulars of his departure as Chairman, but the standard clause usually says that you personally can't represent to the government for a period of time.   Sounds like his was 2 years.  Do you have any idea how many Generals go to work for major defense companies after they retire?