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 Post Posted: Mon May 14, 2012 5:53 pm 
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Working for the Fed is a pretty elite opportunity, but most do it for the experience and then hope to go either to Wall Street/Hedge Funds or get one of the elite teaching positions.


Unless you're Alan Greenspan, who was a consultant first, and then went to the Fed... And remains arguably the best Fed chair the country has ever seen (I happen to believe a lot of shit heaped on the doorstep of his career by the usual media parrots and conspiracy freaks properly belongs to Congress).

I know two Business School profs in the UC system (the other is at Anderson in UCLA), only one is astonishingly wealthy... Not even sure he made all his money, I've really dealt with his financials and staff more than him. Nevertheless, I think that kind of schooling helps you get rich, whether you do it on Wall Street or anyplace else.

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 Post Posted: Mon May 14, 2012 8:53 pm 
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Steeler Jones wrote:
Quote:
Working for the Fed is a pretty elite opportunity, but most do it for the experience and then hope to go either to Wall Street/Hedge Funds or get one of the elite teaching positions.


Unless you're Alan Greenspan, who was a consultant first, and then went to the Fed... And remains arguably the best Fed chair the country has ever seen (I happen to believe a lot of shit heaped on the doorstep of his career by the usual media parrots and conspiracy freaks properly belongs to Congress).


I agree about Greenspan. Very smart. Directed Clinton to balance the budget so Clinton could get the lower interest rates he wanted to spur growth. And warned about the housing bubble ( and the 30% correction) about 18 months to a year before it happened.

At some point people will realize that Congress controls the purse strings and that we are paying today what was decided on 8-10 years ago.

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 Post Posted: Tue May 15, 2012 11:50 am 
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Holy shit.

Someone else recognizes a basic process of the Federal government isn't necessarily functioning at its best (and even agrees with me!), and they didn't make some kind of snide partisan remark.

I'm stunned, and genuinely impressed.

Why I wasn't happy with our last two presidential candidates? Senator vs. Senator... That can't ever bode well for the budget or getting anything done. 2 vote sitters who know how to appropriate really well while knowing nothing about actually getting the money out the door.

Forget party politics, any time you have President, Vice President and Secretary of State with lots of experience in Congress and no executive experience, it's going to be a huge fuck story and a lot of hot air while little gets accomplished.

/end rant

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