Alan Greenspan Joins Hedge Fund

Reuters:

Hedge fund manager John Paulson, who earned billions of dollars last year by betting against the housing market, said on Tuesday that former Federal Reserve board chairman Alan Greenspan will advise his firm.

Greenspan, whose words can still move financial markets, will advise Paulson on the global economy for an undisclosed amount of money, the hedge fund said in a statement.

By joining the New York-based fund, Greenspan becomes the latest former Washington insider to work in the fast growing $2 trillion hedge fund industry. Former Treasury Secretaries Lawrence Summers and John Snow provide advice to D.E. Shaw and Cerberus.

Read the whole story: Reuters

Comments

[nomoredead]

Hedge Funds pay a 15% tax. I do construction work and pay about 40%. What is wrong with this picture ? !

[realitytrumpsbull]

Wasn't John Edwards a hedge-fund guy before he got religion or whatever?


Ron Paul 08

[willo]

Can't some of these old geezers just wander off to oblivion somewhere? Take Rupert Murdoch with you while your at it.

[rh654]

Um - given Greenspans ability to create huge boombust cycles in the US Economy - why in the world would someone hire him as an adviser.

yeah - I know - "Contacts" - but dang the guy just sucked as a Fed Chairman.

[Justinpassing]

The Abysmal States of America

[isisdawnra]

Now we know why Greenspan said nothing about the damage subprime loans would cause.
Greed is worshiped in this country.
Greed will also be it's demise.

[ErnestineBass]

So Greenscam will be advising a hedge fund, eh?

After John Snow (BOOOsh's Treasury Secretary from 2003-2006) joined Cerebus, that hedge fund bought Chrysler.

So, how's that working out?

[cycle3man]

Just another greedy scumbag!!!
Motto: Fleece the people!!!!

[knosiswar]

It is HIGH TIME for a Congressional Review of the Federal Reserve system, it's functions, it's practices, it's AUTONOMY from WALL STREET, it's success or failure, and it's records, none of which have ever , ever, never ever, been examined or even glossed over, by a Congressional Review Board, since its immoral inception.

[ibsteve2u]

Now there's a "revolving door" that can kick up an awful lot of wind.


It is enough to make you wish that you'd never heard the phrase "government should be run like a Business", isn't it? Now they're barely even trying to hide the fact that Business is running government­...