Sunday, May 25, 2014

Making money WAS his job

The Ben now rakes it in;
Ben Bernanke used to run America's central bank. Now he's making bank - charging financial gurus across the world millions to share his insight and experience. 
Bernanke used to make $200,000 a year during his eight years as Chairman of the Federal Reserve. He can make that in a single hour now on the international speaking circuit. 
....Bernanke is walking a well-worn path of former policy makers who leave power. Former presidents, former cabinet officials and former members of Congress have all turned their experience in public service into millions.
Doing well, after 'doing good'; not a stop the presses! moment. Especially considering the alternatives;
'You can spend $250,000 for Bernanke’s time at a private dinner, or you could just sit down and read what people like (new Fed Chairwoman) Janet Yellen and (Bank of England governor) Mark Carney have to say,' David Rosenberg, chief economist and strategist at Gluskin Sheff, told the New York Times.
'You can actually do that for free and pretty much draw the same conclusions.'
Now there's a story to ponder. Why buy the cow when the milk is free?

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