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The article makes a good point, but it assumes that Bernanke will somehow exploit his former position. That might or might not be possible, depending on multipl
by atmosx 12y ago
The article makes a good point, but it assumes that Bernanke will somehow exploit his former position. That might or might not be possible, depending on multiple variables. If the article is on to something, then Bernanke's role will most likely be lobbying and not risk analysis, etc.
The most prominent example or revolving door I've ever seen is Hennry Paulson. For some context, see Felix Salmon[2]. IMHO Paulson should be in prison.
[2] http://economistsview.typepad.com/economistsview/2009/10/how-paulson-gave-goldman-the-lehman-headsup.html http://economistsview.typepad.com/economistsview/2009/10/how...