Bernanke's hedge fund gig 'wrong on so many levels': Adami
Kristin Cwalinski | @Kris10Cwalinski
Saturday, 18 Apr 2015 | 4:03 PM ET
Former Federal Reserve Chair Ben Bernanke is heading down a well-beaten path: shuffling through the revolving door between Washington's policy circles and Wall Street's big money institutions.
In a move announced on Thursday, he's going from his former position at the Federal Reserve to Wall Street as a senior adviser at Citadel. The latter is what has "Fast Money" trader Guy Adamiand a number of other Street watchersoutraged.
The $25 billion hedge fund, Citadel, in a statement said, "Dr. Bernanke will consult with Citadel teams on developments in monetary policy, financial markets and the global economy." Adding a note from its founder and CEO Ken Griffin, "He has extraordinary knowledge of the global economy and his insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors."
CNBC
Kristin Cwalinski | @Kris10Cwalinski
Saturday, 18 Apr 2015 | 4:03 PM ET
Former Federal Reserve Chair Ben Bernanke is heading down a well-beaten path: shuffling through the revolving door between Washington's policy circles and Wall Street's big money institutions.
In a move announced on Thursday, he's going from his former position at the Federal Reserve to Wall Street as a senior adviser at Citadel. The latter is what has "Fast Money" trader Guy Adamiand a number of other Street watchersoutraged.
The $25 billion hedge fund, Citadel, in a statement said, "Dr. Bernanke will consult with Citadel teams on developments in monetary policy, financial markets and the global economy." Adding a note from its founder and CEO Ken Griffin, "He has extraordinary knowledge of the global economy and his insights on monetary policy and the capital markets will be extremely valuable to our team and to our investors."
CNBC
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