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Columbia Business School Dean Glenn Hubbard's Outside "Consulting And Advisory Relationships"

Tyler Durden's picture


Yesterday we showed you the "outside compensation" list of Columbia's Fred Mishkin.

Today, it's the turn of Columbia Business School dean and Mitt Romney's "go to economist", Glenn "You have three more minutes, give it your best shot" Hubbard. Here they are:

Consulting or Speaking Engagements at Some Point During the Past Five Years: U.S. Department of Justice, Airgas, Alternative Investment Group, American Century, America’s Health Insurance Plans, ApexBrasil, Association for Corporate Growth, Bank of America, Bank of New York Mellon, Barclays Services Corporation, BNP Paribas, Capital Research, Citigroup, Deutsche Bank, Fidelity, Franklin Resources, Freddie Mac, Goldman Sachs, Intel, JP Morgan Chase, Microsoft, National Rural Utilities Cooperative Finance Corporation, NMS Group, Oracle, Pension Real Estate Association, Real Estate Roundtable, Reynolds American, Royal Bank of Scotland, Visa, Wells Fargo, Nomura Holdings America, Laurus Funds, Ripplewood Holdings

And as a reminder:

Source: Glenn Hubbard resume


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Sun, 02/24/2013 - 13:14 | 3271646 HD
HD's picture

It's good to be the Dean.

Sun, 02/24/2013 - 13:26 | 3271685 Raymond Reason
Raymond Reason's picture

Credentials, baby.  Once you've got the cred, you can write your own ticket, your words are divine truth, and worth a lot of money to someone who needs an endorsement. 

Sun, 02/24/2013 - 13:26 | 3271687 flacon
flacon's picture

QUIZZ: "Department if Justice is in which of the four branches of government? JUDICIAL, Executive, Banking, or Legislative?"


If you answered EXECUTIVE you can pat yourself on the back. If you answered JUDICIAL you must have graduated from a public school. 

Sun, 02/24/2013 - 13:30 | 3271704 hooligan2009
hooligan2009's picture

damn...i said Banking

Sun, 02/24/2013 - 13:43 | 3271747 Zer0head
Zer0head's picture

worth repeating

More Pigs at the trough

It's a giant rotating pig trough that includes the media pundits, the media anchors, the econo elite, buy side scum, sell side scum, pseudo economists, forex broads etc I mean fucking Roubini was a partner with Larry Summers I heard that one of the vulvas on Roubi's wall had Big Larrys name under it - then the political class that rotates into the corporate class and the bureaucrats who land plum jobs in the so called private sector

It is one giant cluster fuck game of screw the peasant for fun or profit and it extends into bloggger world think Mr. Wall Street Big Picture or those dickheads over at Business Insider shills and emmeffers

and their viewers and readers   hate to say but we are all dumb fucking muppets


and then we have one of  satan's many ambassadors hard at work in the heartland

This week, the US Supreme Court hears arguments that pit Monsanto against 75-year-old Indiana soya-bean farmer Vernon Hugh Bowman

Sun, 02/24/2013 - 14:05 | 3271797 francis_sawyer
francis_sawyer's picture

There are other branches of government besides "banking"?...

Sun, 02/24/2013 - 14:38 | 3271863 AlaricBalth
AlaricBalth's picture

Hey! I've seen that list before.

However, Tyler's looks much better organized. ;-)

Sun, 02/24/2013 - 17:27 | 3272214 James_Cole
James_Cole's picture

Glenn is too funny, should be the slogan of Columbia econ - "Give it your best shot!"

Sadly this tool had a lot of influence on US economic policy over the past 20 yrs, particularly under Bush 2.

Sun, 02/24/2013 - 17:45 | 3272253 OutLookingIn
OutLookingIn's picture

Iranian banking justice;

4 bankers sentenced to DEATH for fraud.

Could do with some of that here!

Sun, 02/24/2013 - 18:03 | 3272295 TruthInSunshine
TruthInSunshine's picture

This is an INCREDIBLE Public Service Zero Hedge does in terms of shining the spotlight on the absolutely corrupted-beyond-salvation state of the nation, where whether it's academia (those doing the "objective" teaching to the next generation-- whose drivel is largely bought & paid for), alleged state and federal regulators (or non-regulators, to be more precise) "policing" industry (particularly banking & financial services), CONgress, the Executive Branch of BigInefficientCorruptGov, or any other entity that's literally a front group for private banking interests that have hijacked allegedly "sovereign" nations.

Expose all the scumbags, ZH.

Sun, 02/24/2013 - 19:56 | 3272536 tom a taxpayer
tom a taxpayer's picture

1,000 up arrows...all the arrows in my quiver to TruthinSunshine and ZeroHedge!

"This is an INCREDIBLE Public Service Zero Hedge does in terms of shining the spotlight on the absolutely corrupted-beyond-salvation state of the nation..."

Sun, 02/24/2013 - 20:30 | 3272606 thisandthat
thisandthat's picture

Now you know why they're after them (kidding, they hate them for their nukes).

Sun, 02/24/2013 - 23:41 | 3272988 CompassionateFascist
CompassionateFascist's picture

actually true. Once Iran has nukes, Isramerica can no longer force it back onto the petrodollar. As for Hubbard, just your average, well-paid shabbatz goy.

Sun, 02/24/2013 - 14:48 | 3271808 DoChenRollingBearing
DoChenRollingBearing's picture

Names & addresses please!  These exposes of the banksters and their cronies are great, but would be even better if we knew how to contact the perps...

Sun, 02/24/2013 - 19:26 | 3272477 g speed
g speed's picture

I think he's looking for where the perp sleeps and where his kids live and the route he takes to work and who his main squeeze is and what hotel he takes his underage male/female sex partners to--that kind of "where can he be reached" thing. 

Sun, 02/24/2013 - 15:54 | 3272024 All Risk No Reward
All Risk No Reward's picture

Exactly!  flacon still believes the false central state / international banking cartel false narratives.

The Executive Branch is the "curtain" to the gang bankster OWNER AND CONTROLLER "oz."

Get with it, flac!

Debt Money Tyranny

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
? Napoleon Bonaparte


Sun, 02/24/2013 - 18:13 | 3272312 rayduh4life
rayduh4life's picture

"Give me control of a nations currency and I care not who makes their laws". 

Mon, 02/25/2013 - 09:30 | 3273600 Chuck Walla
Chuck Walla's picture

I love the smell of incestuous relationships in the morning!


Sun, 02/24/2013 - 13:51 | 3271763 jballz
jballz's picture

And if you think the government has branches you must have been a pol sci lemming.

The limbs die when the beast is decapitated. That happened a long long time ago. I won't bicker over specific dates, but I think we can all agree it was before JFK's brain went for a long walk and never came home.

Ps you put judicial in all caps, that was misleading. -100

Drop out, bitchez.

Sun, 02/24/2013 - 13:59 | 3271778 flacon
flacon's picture



Yes, USA became a Corporation in the late 1800's. "Government" is really a misnomer. You are beholden to Uniform Commercial Code unless you express your remedy and reserve your rights. 


(All that to say, yes, I get it. ) :)

Sun, 02/24/2013 - 22:38 | 3272878 James
James's picture

The above link will take you to a site that will explain your true rights.

The people taking your rights are lying to you.

UCC codes are only for foreign contracts.

You are not a "person" under color of Law.

That is Lawyerspeak to induce you to give up your rights.

Look about 4-5" down on page and read UCC codes first!


Mon, 02/25/2013 - 12:42 | 3274200 Thisson
Thisson's picture

You are both idiots.  The UCC governs commercial transactions.  It codifies how things like checks and mortgages work, and is a set of common rules for what happens when contracts do not include certain provisions.  Maybe you should try reading the actual document instead of reading some inane webpage's conspiracy rantings.

Sun, 02/24/2013 - 13:28 | 3271696 Eireann go Brach
Eireann go Brach's picture

Look up the word "Fucking Cocksucker" in the dictionary, and you find Glenn Hubbards name next to it!

Sun, 02/24/2013 - 14:08 | 3271799 francis_sawyer
francis_sawyer's picture

So I guess it means to qualify as a "fucking cocksucker" you'd need a dick shoved so far up your ass you can taste it... That man has talent!

Sun, 02/24/2013 - 20:00 | 3272549 Eireann go Brach
Eireann go Brach's picture

I hear you have those skills Sawyer!

Sun, 02/24/2013 - 17:13 | 3272187 Omen IV
Omen IV's picture

AND...SCUMBAG MOTHAFUCKA, weasel and tell me where you need to go and ill provide your court house expert testimony


Sun, 02/24/2013 - 14:22 | 3271825 McMolotov
McMolotov's picture

"Give it your best shot."

Does that mean aim for his head?

Sun, 02/24/2013 - 21:22 | 3272717 StychoKiller
StychoKiller's picture

Think you'd hit anything vital there?

Sun, 02/24/2013 - 15:16 | 3271931 Deacon Frost
Deacon Frost's picture

Would I say Hubbard is very arrogant?

Sun, 02/24/2013 - 15:58 | 3272043 All Risk No Reward
All Risk No Reward's picture

That little punk is a Vichy piece of trash.  He uses "arrogance" as a front for the fact he's a piece of trash bullshit artist that spews lies for his gang bankster buddies.

He's a controlled minion with no ability to express his individuality, which this punk sold out long ago for a piece of the debt money fraud pie.

Debt Money Tyranny

“When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.”
? Napoleon Bonaparte (not that Napoleon was good, he wasn't.  but he was non bankster trash bad against bankster trash British bad)

Sun, 02/24/2013 - 20:42 | 3272629 vato poco
vato poco's picture

Arrogant? Hubbard?

Of all the slimy weasel cocksuckers 'showcased' in that movie, he's the one I really *really* wanted to kick the shit out of. Nice & slow, up close & personal, in front of his children. Until he bawled uncontrollably like a little bitch. Then, when he begged me to stop, I could prissily reply, "Well, I don't think I have to answer that question!" And go back to pounding on him. *sigh* Well. A man can dream.

Sun, 02/24/2013 - 23:45 | 3272998 CompassionateFascist
CompassionateFascist's picture

I'm only surprised Humbug consented to the interview, which was an ambush neatly done. He can't even be all that bright.

Sun, 02/24/2013 - 13:18 | 3271655 q99x2
q99x2's picture

 Zombies in the making. They don't have a reservation in the Government bunkers during the upcoming revolution.

Sun, 02/24/2013 - 13:18 | 3271656 blindman
blindman's picture

how do these people get away with this stuff?
are they all lizards?
Weekend News Headlines; AAA, Pedophiles, and Tainted Food

Posted on February 24, 2013 by maxkeiser

Sun, 02/24/2013 - 13:40 | 3271735 smacker
smacker's picture

Ah yes, our news reader friend sitting in his car is always good for a laff.

Over on the right hand side is a video interview with Max by Andrew Neil (ex Editor of The Times, now BBC politics front man). Notice how careful Neil is nowadays about what he says after he sold out his soul to the BBC, who fight with other MSM outlets to be No.1 at disseminating State lies and propaganda.

Sun, 02/24/2013 - 14:58 | 3271896 blindman
blindman's picture

it is a laff of rage though, his commentary is more significant
than his reading and more appropriate than the delivery one
might find from the "professionals" in the trade of journalism.
if it doesn't make you sick and rage full you are not understanding the news
is the impression outstanding, the point of the artist.?
Inside Job: Afflicted by conflicts of interest, economists must share significant blame for the global crisis
Posted by Ian Fraser, February 24, 2011
" ...In one excruciating but telling scene (see the above clip), Mishkin, professor of finance and economics at Columbia University, also governor of the US Federal Reserve from September 2006 to August 2008, is portrayed as an "economist for hire" - he is revealed to have taken a $124,000 payment from the Icelandic Chamber of Commerce in exchange for writing a glowing report on the Icelandic banking sector, published not long before it started to collapse in May 2006.

In this scene, and when Mishkin gives his reasons for leaving the Fed - "So, so, uh, that, uh, I had to, to revise a textbook" - I'm afraid that he comes across as an utterly hollow man. The Hubbard scene is, if anything, even better. Here I quote from Daemon’s Movies:

"One of Inside Job's most compelling moments occurs when Ferguson interviews Glenn Hubbard, the current dean of the Columbia University Business School and a former chief economic adviser during the Bush administration.

"On-screen the cornered Dean, who is strongly implicated in pushing the Bush-era policies that caused the system to implode, and who is called out for collecting hefty checks for shilling corporation-friendly economic ideas, bares his teeth and reveals that beneath the façade of the nerdy academic lies a vicious political animal, red in tooth and claw."

After Mishkin defended himself on the Financial Times Economists' Forum website, in October 2010, Ferguson responded:

"Many of the most prominent economists in America are now paid to testify in Congress, to serve on boards of directors, testify in antitrust cases and regulatory proceedings, and to give speeches to the companies and industries they study and write about with supposed objectivity. … Some prominent academics have close ties to financial services yet neither their university employers nor the journals in which they publish require them to disclose their conflicts of interest, their financial positions, or the relationship between their financial interests and the policy positions they take.

"It is time to end this."
so we abide by this charade of professionals who cannot grasp their
utter lack of any ethic of integrity as their first priority of adherence
to ponzi finance money outweighs all other considerations and "intellect".
that is what we call balanced, normal and healthy. the artist taxi driver
makes the point in the clip regarding the bbc reportage on the privatising
prison operations, same in the usa. the research sited from the industry
itself, same in the pharma and agra and medical and .... and the conflict
of interest is never acknowledged, and this supreme ignorance is embraced
by the top experts in academia and government. this is why we are fucking
doomed beasts and nothing more, stupid doomed animals following the
worst of our generation. imo. but not the artist taxi driver ......
he has ears to hear and all that .....

Sun, 02/24/2013 - 15:19 | 3271939 Bendromeda Strain
Bendromeda Strain's picture

Of course, we also know that Stiglitz got paid to write a glowing review of the financial health of the GSE's, right? Somehow Ferguson forgot him... curious, that.

Sun, 02/24/2013 - 15:12 | 3271925 blindman
blindman's picture

Glenn Hubbard, Countrywide's $1200 an Hour Expert Witness
By Matt Taibbi, Rolling Stone
21 December 12

"Hidden among the reams of material recently filed in connection with the lawsuit of monoline insurer MBIA against Bank of America and Countrywide is a deposition of none other than Columbia University's Glenn Hubbard. And boy, is it a wild deposition. It's like Inside Job, only Hubbard has to answer the questions he doesn't want to answer. Reading it is like watching a man try to avoid breathing in a gas chamber."
"At issue here is the fact that Hubbard testified on behalf of Countrywide in the MBIA suit. He conducted an "analysis" that essentially concluded that Countrywide's loans weren't any worse than the loans produced by other mortgage originators, and that therefore the monstrous losses that investors in those loans suffered were due to other factors related to the economic crisis – and not caused by the serial misrepresentations and fraud in Countrywide's underwriting.

In other words, the Dean of the Columbia University business school testified that the fact that Countrywide claimed to have conducted thorough due diligence when in fact it was pressuring underwriters to approve 60 to 70 mortgage applications a day and failing to verify any income levels or other key information (to say nothing of the outright falsification of such data, which also went on on a mass scale) – he testified that these issues were irrelevant.

Investors in Countrywide loans, he reported, in specifically rebutting MBIA's claims of fraud, were probably victims of macroeconomic factors, among other things the expansion of lending guidelines by "the government-sponsored entities," i.e. Fannie and Freddie. You know, that old saw
." ....
criminals in a suit and tie !
Mitt Romney adviser criticises Obama's comments on eurozone crisis
In an German newspaper op-ed, R Glenn Hubbard says White House advice to Euro leaders had been 'misleading' and 'unwise'
"..In the piece, Hubbard said it was a mistake for the US to encourage Germany to "stand up financially weak governments and banks in the eurozone".

"Unfortunately, the advice of the US government regarding solutions to the crisis is misleading. For Europe and especially for Germany," Hubbard wrote, according to a New York Times translation of the article from the Handelsblatt.
" ...
they are all crooks and thieves, sue the bastards !

Sun, 02/24/2013 - 16:07 | 3272066 blindman
blindman's picture

and this ...
"..That's as close as they got to getting Hubbard to admit that for $1200 an hour, he swore that Countrywide's underwriting practices were irrelevant – without investigating Countrywide's underwriting practices.

As for the question of how Hubbard managed to omit the fact that the loans he compared Countrywide loans to also had underwriting problems, there was this exchange:

Q. So in the aggregate, more than half of your entire population in the control group was affected by litigation?

A. I think, well, yes, by number of pools, yes.

Q. And in neither your initial report nor your rebuttal report did you disclose that fact for the benefit of the court?

A. Well I've already told you I didn't think it was relevant from my –

Q. I'm aware that's what you said today. But the fact is in neither your initial report nor your rebuttal report did you disclose that more than half of all the securitizations in your so-called control group were affected by litigation?

A. If I don't think something is a relevant fact, why would I have disclosed that?

Q. You're agreeing with me, you didn't disclose it, right?

A. That's a factual question. You had innuendo attached to it.

Q. Well, sir, I do think it's significant that you didn't disclose that fact, that's why it's in my question. I just wanted to confirm you did not disclose that fact, right?

A. I didn't disclose the fact.

Hubbard must be a very inquisitive thinker. He took $1200 an hour specifically to not learn how subprime loans were created. Moreover, he did this non-learning for Countrywide years after the financial collapse, long after the truth about that company had already become common knowledge pretty much everywhere in the world outside Hubbard's office, long after Countrywide CEO Angelo Mozilo had been charged by the SEC with deliberately misleading investors (and insider trading, to boot), and long after the Attorney General of California had concluded that Countrywide was essentially a giant scheme to use mass fraud to dump pools of bad loans on unsuspecting marks on the secondary market.
" .... m.t.

Mon, 02/25/2013 - 12:46 | 3274211 Thisson
Thisson's picture

The "blame it on the economy, not on our actions" defense does not seem to be working very well.

Sun, 02/24/2013 - 13:20 | 3271663 Oldwood
Oldwood's picture

His opinion is just as good as any other paid shill's. I'm just pissed that no one is willing to pay me for saying what they want. I'd be happy if they just paid me to shut up!

Sun, 02/24/2013 - 13:29 | 3271698 Bicycle Repairman
Bicycle Repairman's picture

"I'm just pissed that no one is willing to pay me for saying what they want."

Maybe they would if you gave it your best shot.  Come on suck it up and I'll let you have one more post.

--  GH via BR

Sun, 02/24/2013 - 13:51 | 3271764 Oldwood
Oldwood's picture

Gee, you really think someone would pay me? Tell me how it has worked out for you so far. Shilling, that is.

Mon, 02/25/2013 - 09:48 | 3273635 Bicycle Repairman
Bicycle Repairman's picture

Left this off: "/sarc".

Sun, 02/24/2013 - 13:24 | 3271677 jonjon831983
jonjon831983's picture

Hot damn, this guy pissed me off so bad when I watched the movie.  Sure I guess he doesn't have to say his sources, but he seems so smug and assholeish.

Sun, 02/24/2013 - 13:24 | 3271679 jmcadg
jmcadg's picture

Another piece of scum. Scum always rises to the top.

Oh and an arrogant prick. I'll give you my best shot you tosser.

Sun, 02/24/2013 - 14:04 | 3271794 upWising
upWising's picture

IT'S THE SEPTIC TANK RULE that prevails in the Halls of Academe, the "Private Sector," and in "Public Service."

The SHIT rises to the top, floats around far too long and stinks up the place, and ever-too-slowly rots and sinks to the botom where it belongs, creating a lot of volatile stinky gasses in the process.

This is just another example....


Sun, 02/24/2013 - 13:26 | 3271692 AcidRainIsCool
AcidRainIsCool's picture

Time is ticking. Soon these fuckpigs get taken down. Banksters, political elite, et al.

Will roast their bones on our bonfires. And piss on the ashes.

Then we start over.

Sun, 02/24/2013 - 13:26 | 3271693 Pseudo Anonym
Pseudo Anonym's picture

what are we talking here?  crypto j?

Sun, 02/24/2013 - 23:51 | 3273015 CompassionateFascist
CompassionateFascist's picture

No. He's way worse than a Tribal. He sold himself. To them.

Sun, 02/24/2013 - 13:28 | 3271697 pies_lancuchowy
pies_lancuchowy's picture

What a noble honest scientist. C'mon guys, he only protects his client's privacy.

Sun, 02/24/2013 - 13:30 | 3271707 Bicycle Repairman
Bicycle Repairman's picture

Like we couldn't guess his clients.  There's about 5 possible names and he probably works for them all.

Sun, 02/24/2013 - 13:29 | 3271700 davidsmith
davidsmith's picture

Since we're already planning the overthrow of the U.S. Government, let's begin compiling the death list right now:


1. Glenn Hubbard





please feel free to continue the list.


Never mind bringing this trash to trial.  Let's just make it a proscription: bring us evidence of death, the new government gives you $50,000.

Sun, 02/24/2013 - 14:05 | 3271796 upWising
upWising's picture

drone them and call it collateral damage

Sun, 02/24/2013 - 14:10 | 3271804 francis_sawyer
francis_sawyer's picture

2. RobotTrader

3. Max Fischer Civic Mundi

4. Harry Wanger

Sun, 02/24/2013 - 13:29 | 3271701 Dr Paul Krugman
Dr Paul Krugman's picture

When you are highly skilled, you are highly demanded.

Sun, 02/24/2013 - 13:34 | 3271712 akak
akak's picture

Yes, the artful dissemination of outrageously untruthful, pro-estabishment propaganda is truly quite a skill.

I nominate you for the 2013 Nadler Award.

Sun, 02/24/2013 - 13:35 | 3271721 hooligan2009
hooligan2009's picture

nice the play on "artificial insemination"!

Sun, 02/24/2013 - 13:39 | 3271727 akak
akak's picture

Actually, it just happened to spontaneously shoot out as a happy coincidence, a premature semantic ejaculation, as it were.

Sun, 02/24/2013 - 14:55 | 3271893 falak pema
falak pema's picture

I didn't hear him swoon n sigh. 

Sun, 02/24/2013 - 13:48 | 3271762 Dr Paul Krugman
Dr Paul Krugman's picture

Economics is a science, so I am not sure how it could be untruthful.  Economics is widely, if not universally, accepted by academia - and academia has no part in any establishment; academia is where the brightest minds come together to build the foundation of our culture and society.

If you have a problem with the society that we have been building for thousands of years, then go and live on an island, cluth your gold and guns, and have fun being alone because the vast majority of us like our culture, and we want to keep it the way it is - we want to prosper and grow.

Sun, 02/24/2013 - 13:53 | 3271765 akak
akak's picture

I once had a set of those wind-up chattering teeth that made more sense than you, "Doctor".

Sun, 02/24/2013 - 14:53 | 3271890 DoChenRollingBearing
DoChenRollingBearing's picture

akak, I pen the below to our dear Dr Krugman:


Dear Sir:

Gonna sick Mr Lennon Hendrix and his silver warriors on you and FOFOA and his golden ones as well.

Please do not have a nice day.

Not Yours Not Ever,


Sun, 02/24/2013 - 14:59 | 3271898 jmcadg
jmcadg's picture

He had to decide whether to base his career on the chattering teeth or the fart bag. It's hard to tell which won out!

Sun, 02/24/2013 - 16:31 | 3272111 logicalman
logicalman's picture

Economics is a science???!!!

Fuck off!

Sun, 02/24/2013 - 19:57 | 3272544 g speed
g speed's picture

he ment "lying is and art"---

Mon, 02/25/2013 - 12:56 | 3272129 jackinrichmond
jackinrichmond's picture

then you would have to agree that academia is responsible for the mess we are in now.

i submit that your ilk has failed humanity terribly.  the gap between the rich and the poor has never been greater.  

how is it that a vast majority of countries are running massive deficits ? (with no realistic solution in sight)

Sun, 02/24/2013 - 18:02 | 3272291 11b40
11b40's picture

Is that you, Million Dollar Bonus?

Sun, 02/24/2013 - 23:55 | 3273024 CompassionateFascist
CompassionateFascist's picture

It is himself. Best deadpan style I've ever encountered.

Sun, 02/24/2013 - 13:42 | 3271740 caimen garou
caimen garou's picture

over rated!

Sun, 02/24/2013 - 14:03 | 3271791 Dapper Dan
Dapper Dan's picture


Paul, I sent an e-mail to Andrew Rosenthal asking him to increase your work load, obviously you have too much time on your hands if you are commenting here on a Sunday.


Maybe you can call Thomas Friedman and collaborate on a new book, here is a title suggestion.

“The economy is flat and aliens can’t help us”


Sun, 02/24/2013 - 14:25 | 3271814 Dr Paul Krugman
Dr Paul Krugman's picture

I'm between missives.  I enjoy an arguement, as I feel it strengthens my theories; and I learned about this blog a couple of years ago from a colleague, and since I am schooled in finance - my expertise lies in the field, afterall - I have enjoyed Mr Durden's articles about the depression we are in, although I don't usually agree with his solutions. 

And I've published two articles today so I needed a much deserved break from my blog.  What better way to sharpen my sword than coming here, where a few agree with me, and the rest clutch their gold, insisting they know how to end this depression that we are currently in.

While I am at it, I will point out that most of us agree that we are in a depression.  Let us figure out together how to solve the problem at hand.

Sun, 02/24/2013 - 14:28 | 3271836 akak
akak's picture


I'm between missives.

Are they called "missives" because you so consistently manage to miss the reality of the situation in all the bilge you write?

Sun, 02/24/2013 - 14:55 | 3271894 DoChenRollingBearing
DoChenRollingBearing's picture

Gentlemen (with types like a pirate and a Krugman I use that workd "Gentlemen" very loosely), please see above letter to Dr Paul Krugman.

Sun, 02/24/2013 - 15:05 | 3271913 imaginalis
imaginalis's picture

"and since I am schooled in finance"

not as much as you are schooled in delivering bought and paid for shitcrap for your masters

Sun, 02/24/2013 - 15:29 | 3271958 ISEEIT
ISEEIT's picture

Hold your tongue! Such outburst of insolence shall find you exempted from reality altogether. Now heel bitch before I'm forced to once again up your dosage.

Sun, 02/24/2013 - 15:15 | 3271930 jmcadg
jmcadg's picture

You'll need to argue day and night to strengthen your theories Krugman.

Schooled in finance, (iffy), taught how to spell, obviously not! Arguement or argument.


And just for a laugh, straight from the Urban Dictionary - I kid you not!


Arguement is argument spelt by a wannabe who thinks he's Mr.Slick when he's actually a slimy skank who skipped his school to sell kuchi ice. when people think about masturbation, whatever the kind, their mind gets clouded and they spell argument as arguement.
Sun, 02/24/2013 - 15:21 | 3271944 GMadScientist
GMadScientist's picture

a) you're schooled (truly) in economics, not finance; if you were, you'd probably write better articles

b) we'll need for you to admit that the "low interest rates" today are purely a function of central bank monetization of public debt, and not some newfound confidence that the country with $16T in debt is suddenly going to change its spendthrift ways

c) pathetically ironic that you take the exact opposite position on those rates when it comes to Europe

You're a self-aggrandizing putz who has no business, pun intended, speaking about macro economics.

Sun, 02/24/2013 - 16:00 | 3272047 KickIce
KickIce's picture

2008 was the turning point and had we let the banks fail we would be rid of the bankers and well on our way to prosperity.

Sun, 02/24/2013 - 16:25 | 3272101 Temporalist
Temporalist's picture

"Let us figure out together how to solve the problem at hand"

The solution is simple: you and your ilk should be fired and and outcast to a desert to never be heard from again.

Sun, 02/24/2013 - 16:38 | 3272119 jackinrichmond
jackinrichmond's picture

i still don't understand how the people who caused the problem were left to try and fix it. (using the same methodology that caused this worldwide depression in the first place).

Sun, 02/24/2013 - 14:53 | 3271885 falak pema
falak pema's picture

how come your namesake got a Nobel and Stiglitz who is much more reasonable than he gets less coverage in MSM?

Maybe its 'cos he is less shrill than the true Dr Krug; as his shadow maybe you could enlighten us on that. 

Sun, 02/24/2013 - 15:47 | 3271998 css1971
css1971's picture

The Chinese will do it cheaper.

Sun, 02/24/2013 - 13:29 | 3271703 NoWayJose
NoWayJose's picture

I am sure he advised all these companies on how to make sure that they do their part and pay their fair share of taxes into the US Treasury.

Sun, 02/24/2013 - 13:29 | 3271705 ISEEIT
ISEEIT's picture

It's good to have these emperors seen naked.


Sun, 02/24/2013 - 13:43 | 3271743 Herkimer Jerkimer
Herkimer Jerkimer's picture




Da net nev'a fagets!



Sun, 02/24/2013 - 16:01 | 3272055 KickIce
KickIce's picture

Shhh, the sheeple are tuned to ESPN or DWTS.

Sun, 02/24/2013 - 13:35 | 3271724 partimer1
partimer1's picture

This is simply how the reality works. I know, I know...

Sun, 02/24/2013 - 13:38 | 3271731 fuu
fuu's picture

"God dammit I am the head of one of the most prestigious government subsidies in this country, I don't have to explain whose cocks I sucked to get here!"


Sun, 02/24/2013 - 13:38 | 3271733 jmcadg
jmcadg's picture

The irony of Hubbard chucking his toys out the pram in a hissy fit, is that without trying he was owned by this interviewer, he didn't need to give anywhere near his best shot.

Hubbard, you're an 'A' Grade loser. See me in my office.

Sun, 02/24/2013 - 13:43 | 3271742 Dewey Cheatum Howe
Dewey Cheatum Howe's picture

In related news, everyone's favorite keynesian economist Paul Krugman broke wikipedia.

An "edit war" breaks out over the Nobel Prize-winner's critique of ultra-conservative Austrian economics
Sun, 02/24/2013 - 13:43 | 3271744 Dr_Lucid
Dr_Lucid's picture

I am still trying to figure out which one of these guys has a secret diaper fetish?  I keep going back and forth and can't make up my mind.

Either way, I give it 3-6 months before some ambitious reporter finds out the truth.  For these guys, wearing socks during visits with call girls will pale in comparison to what they've been up to behind closed doors.


Sun, 02/24/2013 - 13:45 | 3271755 torabora
torabora's picture

At least the students are paying his salary for doing everything but his McJob.

Sun, 02/24/2013 - 13:46 | 3271759 Troy Ounce
Troy Ounce's picture



So Colombia Business School:


  1. is worried because of the content of this ZH article
  2. laugh themselves to death because (wink, wink) everybody is here to get stinking rich (wink, wink)
Sun, 02/24/2013 - 13:47 | 3271760 caimen garou
caimen garou's picture

the questions are , when was the last time you shot a line of bullshit? how many ttimes a week do you bullshit someone? what was the biggest crowd you shot lines of bullshit,? and last do you carry imodium ad for all the bullshit you spew out of your mouth? asshole !

Sun, 02/24/2013 - 13:47 | 3271761 SubjectivObject
SubjectivObject's picture

The ZeroHedge Perp Walk


And these are the true, authentic, unadulterated, boni fide, P E R P E T R A T O R S ... of the greates Fraud, Homicide, and Geocide in the history of the fucked planet.  Among the worst.

Spread their names far and wide.

Tell E V E R Y B O D Y who these perpetrators are and what they have done, and continue to do.


[sweet dreems sneekums Hubbee]

Sun, 02/24/2013 - 13:54 | 3271768 toys for tits
toys for tits's picture

Missed opportunity by the interviewer...not saying I could have done any better in the moment.

"This isn't a deposition sir."

You feel you don't have to be truthful or open unless you're in a deposition?

Why do you feel the need to not disclose your financial clients' names when you knew that the purpose of this interview was about the 2008 financial crisis?



The dean goes from mild mannered to belligerent faster than a speeding bullet.




Sun, 02/24/2013 - 13:59 | 3271777 f16hoser
f16hoser's picture

Glenn Hubard is a Fucking ass hole. Columbian Faggot!

Mon, 02/25/2013 - 00:38 | 3273143 Notarocketscientist
Notarocketscientist's picture

He probably deals High Grade Coke too

Sun, 02/24/2013 - 14:04 | 3271792 tony bonn
tony bonn's picture

glen hubbard, member extraordinaire of the bush crime syndicate

Sun, 02/24/2013 - 14:26 | 3271833 FleaMarketPete
FleaMarketPete's picture

Haha remember when Bush sooo terrible??  

Sun, 02/24/2013 - 14:18 | 3271817 dog1
dog1's picture

I am not sure what's the point. Yes, he's famous, people pay him for advise, and he is upfront about who pays. Yes you are welcome to disgree with him....but why object to his clientele. Listing the people who have paid him small fees is juvenile at best, nothing illegal. Its like listing a doctor's clients...people go to a certain doc, because he has some skills.

Sun, 02/24/2013 - 14:30 | 3271843 FleaMarketPete
FleaMarketPete's picture

I kind of had the same feeling.  He's a private citizen, right?  Seems like buyers of Obama’s many $35k per plate Wall Street “dinners” would be more scandalous……or maybe the presidents corruption has just gotten redundant at this point.

Mon, 02/25/2013 - 00:38 | 3273141 Notarocketscientist
Notarocketscientist's picture

Small fees?  These cocksuckers get into the hundreds of thousands of dollars in fees to produce their lies.

And it is these lies that get used to fuck up the economy resulting in collapse.

These so-called Ivy League intellectuals are NOTHING MORE THAN WHORES


Sun, 02/24/2013 - 14:21 | 3271822 falak pema
falak pema's picture

the matrix between business and private run colleges and think tanks has always existed.

Kings need philosophers, its old hat, in today's world even to spin the theory around the shit like silver foil wrapping on white fish being sold as prime snapper in the sheeple markets.

When you dress up fraud as doing public service and debt as asset, genocide as doing God's work, you need popes, economists, philosophers, media barons and anybody who forms public opinion on your side.

You also need the hookers in your back room plays. You can take that advice from the Horse's mouth : Dr K himself, who having been academic and think tank wizard ended up as chief Consiglieri of WH.

In his immortal words power was the greatest of aphrodisiacs; so after playing as DR Strangelove you urgently need to lay your barbie doll to relax! 

Sun, 02/24/2013 - 14:26 | 3271834 BaggerDon
BaggerDon's picture

This is good , these guys need to be OUTED,,,,,,,,,,,,would love to see who is dishing money out to ROBERT REICHE....

Sun, 02/24/2013 - 14:30 | 3271841 Crash Overide
Crash Overide's picture

Education is spelled  in·doc·tri·na·tion no? 

You have to teach the kids to "do goldmans God's work" 


More koolaid please and thank you.


Sun, 02/24/2013 - 15:21 | 3271946 ISEEIT
ISEEIT's picture

It's precisely republicons and the corruption of conservatives and the entire tea bagger racist 'movement' as portrayed by this elitist banker politico/educator that brings me to conclude that we must stand boldly behind dear leader obama chavez so as to insure that these despicable free marketeers are brought to justice.

Off with their fucking heads!!

That or at the very least force these demons of disrepute to at long last bow before the lordship of obama almighty and his long held delusions of granduer.

Don't be a 'racist' Help poor barry grow up feeling loved??

If not for him then at least for the children huh???

Sun, 02/24/2013 - 15:31 | 3271965 casaananda
casaananda's picture

Hubbard is a scumbag. Period.

Sun, 02/24/2013 - 17:17 | 3272001 Stanley Lord
Stanley Lord's picture

Glenn Hubbard is a huge part of the problem, had a front row seat with Bush that greased the skids for the New New Deal from Obama

Sun, 02/24/2013 - 16:26 | 3272103 Stuck on Zero
Stuck on Zero's picture

Academia prides itself on unbiased research.


Sun, 02/24/2013 - 16:57 | 3272157 pndr4495
pndr4495's picture

The guy's hubris indicted him , and his attitude has made him guilty of SOMETHING.  Nobody ever, EVER should fear the truth ; unless of course they have something to hide from scrutiny.

Sun, 02/24/2013 - 17:24 | 3272199 Bandit und Buster
Bandit und Buster's picture

 Isa 3:11 Woe unto the wicked! It shall be ill with him! for the reward of his hands shall be given him.   

Isa 5:20 Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!

Isa 5:21 Woe unto them that are wise in their own eyes, and prudent in their own sight!

 Isa 5:23 Which justify the wicked for reward, and take away the righteousness of the righteous from him!

Isa 5:24 Therefore as the fire devoureth the stubble, and the flame consumeth the chaff, so

their root shall be as rottenness, and their blossom shall go up as dust: because they have cast away the law of the LORD of hosts, and despised the word of the Holy One of Israel.  (note: "Israel" is NOT a reference to the decieving jews, but to the Adamic race -Anglo-saxon, Germanic descendants of the suppossed 10 lost tribes).


Sun, 02/24/2013 - 17:32 | 3272225 akak
akak's picture

Akak 3:71  Woe unto the gold and silver shorts, for their testicles are as in the mouths of hungry wolves!

Mon, 02/25/2013 - 00:34 | 3273129 Joseph Jones
Joseph Jones's picture

"holy one of Israel" is God.

See Oxford: "jew" first appeared in print in 1775 ad, in a comedy play by Sheridan.  Jesus was not a Jew because the word "jew" did not exist till seventeen hundred years (17 centuries) later. 

Mon, 02/25/2013 - 00:35 | 3273133 Notarocketscientist
Notarocketscientist's picture

When discussing Israel we need to look at the root cause of the conflict - have a look at this video The Israeli General's Son – the video Israeli does NOT want you to see was made by the son of the general who lead the 73 Israeli offensive - and later turned against Israel's foreign policy

A real eye-opener, pass this around

Sun, 02/24/2013 - 17:02 | 3272167 NuYawkFrankie
NuYawkFrankie's picture

Q. Who are the biggest Corporate Welfare Queens?

A. Look no further than Dean Hubbard's "Consulting/Advisory" client-list.

Sun, 02/24/2013 - 18:33 | 3272359 Trimmed Hedge
Trimmed Hedge's picture

Guy needs a good ass-kicking... : )

Sun, 02/24/2013 - 19:25 | 3272469 Herdee
Herdee's picture

Krugman:Now we know you've got it wrong.At best, economics is no more than an art.Nothing to do with science at all.Just remember one famous line Krugman from the head of all you crooks:" We didn't see it coming."Some science,in the last few decades economics has been more like a giant ponzi scheme set up by a bunch of gangsters.

Sun, 02/24/2013 - 20:34 | 3272614 Hedgetard55
Hedgetard55's picture

Wow, what an arrogant fucking turd that dude is. i think he just went to the top of Obama's "kill list" so he doesn't spill the fucking beans when SHTF.

Sun, 02/24/2013 - 22:31 | 3272863 Pike Bishop
Pike Bishop's picture

This arrogant fuck thinks he's right about something.

He may singlehandedly be the embodiment of just about everything which is wrong.

Mon, 02/25/2013 - 01:45 | 3273250 Notarocketscientist
Notarocketscientist's picture

Can you BELIEVE THIS!!!!!


Such losses would lead to a political storm on Capitol Hill and risk a crisis of confidence. The paper -- "Crunch Time: Fiscal Crises and the Role of Monetary Policy" -- is co-written by former Fed governor Frederic Mishkin, Ben Bernanke's former right-hand man.

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