Among the many things 36,110 people found charming about Cantor-slayer David Brat, one of the most prominent was certainly his plucky stand-uppity-ness to the elite, be they the U.S. House Majority Leader elite or the “intellectual elite at Princeton” that his campaign bio so proudly notes he stood in opposition to.
As Gail Collins points out, this could be a slippery little bit of bait-and-switch: Brat didn’t go to the Princeton you’re thinking of, but to the adjacent Princeton Theological Seminary, which is indeed an elite seminary, but that’s probably not the elite that Brat was expecting the voters of Virginia’s seventh to rail against. On the other hand, Brat did stand up to one very eminent Princetonian, indeed, for failing to see what seems so very obvious when one attends an elite Presbyterian seminary. Read more »
As previously mentioned, Ben Bernanke has been doing quite well for himself since leaving the Federal Reserve. Whereas his previous yearly take-home was in the low six figures, anyone hoping to take a brief meeting with him now had better be prepared to cut a check for at least that much and throw in a meal. Speaking of which, hedge fund manager David Tepper will probably pay more attention the next time he drops a quarter million on dinner with the former Chief. Read more »
Hardly news, yes. And hardly surprising that one of the things he didn’t know was what a TED spread is. But he overcame his natural hostility to those who do know such things, and elevated a genial, bearded, middle-aged man named Ben Bernanke to help.
David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve Chairman Ben S. Bernanke scary. “I got to ask him all these questions that had been on my mind for a long time,” Einhorn said in an interview today with Erik Schatzker and Stephanie Ruhle on Bloomberg Television, referring to a March 26 dinner with Bernanke. “It was sort of frightening because the answers were not better than I thought they would be.” […] In describing the dinner conversation at New York’s Le Bernardin, Einhorn criticized Bernanke for saying he was 100 percent certain there would be no hyperinflation and that it generally occurs after a war. “Not that I think there will be hyperinflation, but how do you get to 100 percent certainty about anything?” Einhorn said. “Why can’t you be 99 percent certain?” [Bloomberg]
As nice it was to spend eight years saving the economy and testing the proposition that there are no stupid questions during sessions with various congressional committees, gentle Ben would just as soon trade them for the quiet times at Fisher Hall. Read more »
Sure, he’ll accept your dinner invitation. But it’s gonna cost ya. The former Fed Chair doesn’t get out of bed/attend speaking engagements, pan roasted truffled squab or not, for less than a quarter mill. Read more »
For the last eight years, up until February 3, 2014, Ben Bernanke toiled away in Washington as a public servant. He took a lotofcrap for not a lot of money (compared to what he could’ve been making in the private sector) and he’s got the JoS A. Bank suits to prove it. Was he happy to answer the call of duty? Sure. Will he think of his time at the Eccles Building fondly? You betcha. Is he more than ready to open his mouth and make it rain to the tune of $6,250/minute? Ya got that right. Read more »