Bernanke Joins Elite Think Tank at The Brookings Institution
by Stephen Lendman
Feb 8, 2014
On January 31, he stepped down as Fed chairman. Janet Yellen replaced him. He’s entering a new world of million-dollar book deals. He’ll make $100,000 a pop speeches.
Expect appointments to corporate boards. CEOs value his rainmaking services.
On February 3, Brookings headlined “Federal Reserve Chairman Ben Bernanke to Join Economic Studies at Brookings.”
He’s a “Distinguished Fellow in Residence.” He’s affiliated with the Hutchins Center on Fiscal and Monetary Policy (HCFMP). On January 16, Brookings launched it.
Its board of trustees vice chair Glenn Hutchins contributed $10 million in seed money. He co-founded the multi-billion dollar private equity firm Silver Lake Partners. Guess what type policies HCFMP will endorse.
“We are proud to welcome chairman Bernanke into the Brookings family,” said president Strobe Talbot. He’s Clinton’s former deputy secretary of state. He was directly involved in some of his worst policies.
Brookings’ agenda is brazenly imperial. It’s pro-corporate. It’s anti-populist. It feigns concern about inequality. It supports government of, by and for privileged elites alone. Expect Bernanke to fit right in.
His Fed tenure was deplorable. He betrayed the public trust. His record attests to his wickedness. His agenda was ruthlessly anti-populist. He did more to thirdworldize America for profit than any of his predecessors. He handed Wall Street crooks multi-trillions of dollars. He facilitated the greatest wealth transfer in history. He created a protracted Main Street Depression. No end in sight looms.