Ben Bernanke’s top excuse for working at a hedge fund actually makes it worse - Vox
But having large numbers of former officials move into ill-defined finance roles (think not just Bernanke, but Peter Orszag at Citigroup, Tim Geithner at a private equity firm, and Larry Summers at D.E. Shaw) raises the suspicion that there's just a cozy implicit arrangement here. Run the country in a way that's friendly to the interests of the financial sector writ large, and someone will set you up with a nice no-show job to pad out your retirement.
But having large numbers of former officials move into ill-defined finance roles (think not just Bernanke, but Peter Orszag at Citigroup, Tim Geithner at a private equity firm, and Larry Summers at D.E. Shaw) raises the suspicion that there's just a cozy implicit arrangement here. Run the country in a way that's friendly to the interests of the financial sector writ large, and someone will set you up with a nice no-show job to pad out your retirement.
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