Apr 29 Ben Bernanke - still doing his bit for front-running the Fed
In response to an FT article by Stephen Foley on 29th April 2015, entitled 'Bernanke adds role as Pimco senior advisor to his jobs portfolio'
http://www.ft.com/cms/s/0/70398f66-ee81-11e4-88e3-00144feab7de.html#ixzz3Ylo6GbKa
'Pimco and Citadel said that Mr Bernanke would not lobby Congress on their behalf'
That's a red herring - He's been hired for information in from the Fed, not information out to Congress.
His upcoming book 'The Courage to Act' is due to be released in the fall. It should be retitled 'The Hubris to Print', and sub-titled 'Bad Timing - No change there then'
A fellow reader replied:
Why doesn't this kind of stuff qualify as insider trading?
MarkGB:
Because as Nixon said to Frost 'When the President does it, it's not illegal'.
Mr Bernanke will not make the same mistake of saying something similar on air. Essentially government is corrupt. E.G. When a single trader in Hounslow gets cute with the big guys, it's Federal. But when Hillary Clinton wipes potentially incriminating data off her server AFTER she's heard it's going to be looked at, it's two days headlines and then on to the next photo op pretending to give two hoots about under privileged children.
The biggest bubble on the planet is in government.
Central Banks, Fed, Ben Bernanke, Stephen Foley, Hillary Clinton, Justice
Apr 30 Philip Stephens patronises China on behalf of Washington
Apr 28 Martin Wolf thinks there is such a thing as a free loan