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"Retired" Dallas Fed Chief Joins Barclays As "Senior Advisor"

Tyler Durden's picture




 

Spin revolving door, spin. 

Recently “retired” Dallas Fed chief Richard Fisher — who really, really believed that talk of falling oil prices negatively affecting the Texas economy amounted to “bull droppings” until a JP Morgan analyst reminded him that the “only thing dropping in the Texas economy [was] jobs” — is following proudly in the footsteps of Ben Bernanke, Jeremy Stein, and Janet Yellen (if you count unofficial, off-the-record ‘consultations’) by becoming the latest Fed policymaker to ink a lucrative deal ‘advising’ the private sector.

As WSJ reports, Fisher will become a “senior advisor” to Barclays starting on July 1:

Barclays PLC on Monday named Richard Fisher, who recently retired from his post as head of the Federal Reserve Bank of Dallas, as senior adviser at the bank.

 


 

“His exceptional knowledge and extensive experience in monetary policy, financial markets and services, global trade negotiations and regulatory matters will be of tremendous value to Barclays and to our clients,” said Tom King, who is chief executive of the investment bank at Barclays.

Yes, we imagine it will.

Also of “tremendous value” to the bank (which, you’re reminded, somehow managed to get itself involved in each and every financial scandal that’s come to light over the past half decade or so) will be Fisher’s connections and pull, because as we’ve seen time and again with Deutsche Bank and the SEC, the next best thing to installing former employees in key regulatory and policymaking roles is having former regulators and policymakers on the payroll. And he'll be a particularly handy guy to bounce ideas off of for anyone at the bank who covers AT&T or Pepsi. 

This would be appalling if it weren't so commonplace.

About the only thing worse would be if a former Fed Chair joined the world's most influential, highly leveraged HFT hedge fund. Oh, wait...

 

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Mon, 06/29/2015 - 17:34 | 6251408 BullyBearish
BullyBearish's picture

When you've been a turd all your life, you only know how to swirl around in a bowl

Mon, 06/29/2015 - 17:51 | 6251467 Publicus
Publicus's picture

Let's call it for what it is: legalized corruption.

 

Revolving doors are nothing more than legalized corruption.

Mon, 06/29/2015 - 17:59 | 6251508 SuperRay
SuperRay's picture

And when you spin, you're lying.  An unschooled five year old knows right from wrong.  It takes a Harvard education to come to the insight that what's good for you is right and what's bad for you is wrong...

Mon, 06/29/2015 - 18:26 | 6251590 Save_America1st
Save_America1st's picture

Don't know anything about this guy.  But about 7 years ago a friend of mine who was a commodities trader in Chicago told me he was a good friend of this guy.  He told me Fisher told him that the Fed was mandated to kill the dollar after several more years and then a North American Union would be created with a single currency called the "Amero". 

I had never heard of the Amero back then.  Since then I've read that it was definitely in the plans but it failed and they decided to table it for a while but were still planning on bringing it back after several years of all this shit we've been going through.

He described to me nearly everything back then that has been going on since then.  He said they'd pretty much have to collapse everything before they could force the Amero on us.  Especially the open borders to flood America with so many Central and South Americans that at some point it would just be inevitable that the dollar would be replaced with the Amero and would no longer be considered the world reserve currency.  No more petro-dollar.

He sticks to that story to this day.  The timing hasn't been all that far off.  It's fucking freaky as I think back on it and think about all the shit that has transpired world-wide and in America since way back then. 

His advice back then:  prepare for the end of the dollar.  Buy silver like it's going out of style.  Some gold.  Food, supplies, guns, ammo, etc. etc.

I took that to heart because I knew he was telling the truth.  Just because at this point there isn't an Amero yet, and even if there never will be one since New World Order plans do change and evolve depending on how all the other fucked up shit those freaks are doing all over the world turns out, it still makes sense to me to keep preparing.

There may never even be an Amero...they may just skip it if it turns out it's not the way to go for their plans.  Something else might happen for our side to stop it.  Or they may just not need to do it because of something else better and more evil that they come up with.

I don't know.

All I know is that nearly everything else he said he had been told from this Fisher guy was going to happen has pretty much happened over the last 7 years.  The timing isn't always right, but so far almost everything he said he had been told and the things he predicted given his knowledge of shit from the inside has pretty much happened chapter for chapter.

Haven't talked to that guy in over a year.  I don't have any other predictions from him going forward from where shit is now.  But I really don't think it matters at this point.  His original advice still holds true. 

Stack phyzz, supplies, and get ready for the shit to hit the fan eventually.  We're all a hell of a lot close to that happening now than we were 7 years ago. 

Time's running out to do those things. 

Tick tock, tick tock...

Mon, 06/29/2015 - 18:31 | 6251633 Fox-Scully
Fox-Scully's picture

clockwise or counterclockwise?

Mon, 06/29/2015 - 17:50 | 6251468 JungleCat
JungleCat's picture

So swirl him around in a bowl of piranhas.

"Serfs ye were, and serfs you are still" - Richard II after striking down a peasant rebellion in 1381.

Mon, 06/29/2015 - 18:00 | 6251510 q99x2
q99x2's picture

After the magnetic pole reversal they will swirl in the opposite direction but still downward: counter-clockwise in the North and Clockwise in the South.

Mon, 06/29/2015 - 18:51 | 6251714 Jumbotron
Jumbotron's picture

To every Ponzi....spin, spin, spin

There is a  banker....spin, spin, spin

And a time for every Fascist under heaven

Mon, 06/29/2015 - 17:34 | 6251412 B2u
B2u's picture

Fuck you Fisher....

Mon, 06/29/2015 - 17:35 | 6251415 El Oregonian
El Oregonian's picture

They never really retire until... you know, they are "Retired". Nailgun anyone?

 

Mon, 06/29/2015 - 17:38 | 6251427 Soul Glow
Soul Glow's picture

Fuck Fisher. 

Mon, 06/29/2015 - 17:39 | 6251432 Rainman
Rainman's picture

Eric Holder is getting a kickback of $77 million as ... get this ... 'Chief Compliance Officer ' at JPM. Beat that , Dick !

Mon, 06/29/2015 - 17:45 | 6251453 rlouis
rlouis's picture

$77,000,000 for not prosecuting anyone.  Yeah, I can see there's no conflict of interest in that.

Thanks Rainman, somehow I hadn't seen that.

Mon, 06/29/2015 - 17:54 | 6251479 rlouis
rlouis's picture

It's like these were written by the Onion:

[This is Holder speaking]  "By joining JPMorgan Chase, I’m simply cutting out the middleman — the U.S. Justice Department — and going to work directly for the great Jamie Dimon,” he said. “Plus, when Jamie Dimon calls you, or one of his many secretaries calls you, you pick up the phone immediately. Seriously, that’s what we do here in Washington.”

http://www.theburningplatform.com/2014/09/29/eric-holder-takes-77-millio...

Reuter's is a little more circumspect:

A member of JPMorgan's board of directors said on Thursday at a conference in Chicago that the company is determined to make amends and improve its reputation.

"We've got these things that we actually are guilty of and we've got to fix them," said Labon Jackson, the head of the audit committee on JPMorgan's board of directors. "It's embarrassing for the board."

http://www.reuters.com/article/2013/09/26/us-jpmorgan-probes-holder-idUS...

 

 

 

Mon, 06/29/2015 - 18:01 | 6251512 mvsjcl
mvsjcl's picture

Well-placed whenever a major false flag event was "necessary."

Mon, 06/29/2015 - 17:45 | 6251454 Bastiat
Bastiat's picture

Payday for that treasonous swine, Holder.

Mon, 06/29/2015 - 17:57 | 6251498 Normalcy Bias
Normalcy Bias's picture

Hell, now the Supine Court says that states can't even ask voters to prove they're citizens. It's all over folks. America is DEAD.

Mon, 06/29/2015 - 18:01 | 6251511 Ward cleaver
Ward cleaver's picture

Wow Rainman, cnbc not big on that story. Oh well, given jpm's legal problems, $77MM is a good price to keep Al and Jesse off your backs. America, land of opportunity.

Mon, 06/29/2015 - 17:41 | 6251437 WTFUD
WTFUD's picture

So this POS only works for criminal enterprises!

Mon, 06/29/2015 - 17:42 | 6251440 Bell's 2 hearted
Bell's 2 hearted's picture

Don't forget Geithner!

 

left office to "spend time with family"

 

how long did that last? 8 months?

 

before private equity big bucks came calling

Mon, 06/29/2015 - 17:53 | 6251464 HamRove
HamRove's picture
"Retired" Dallas Fed Chief Joins Barclays As "Senior Advisor"

WELL THANK GOD!!!!

WHEWW!

Got a littel freaked out there for a moment.  

For a moment there I thought he would just sit around and sell live babies on the internet.  

Mon, 06/29/2015 - 17:55 | 6251482 jimfcarroll
jimfcarroll's picture

NOOOOO!!!! The only Fed president I (kinda) liked.

Mon, 06/29/2015 - 17:56 | 6251492 One And Only
One And Only's picture

BARCLAYS?!!?!?

What a shit bag.

Mon, 06/29/2015 - 17:57 | 6251496 pragmatic hobo
pragmatic hobo's picture

... fisher was one of the few straight talkers in the fed ...

Mon, 06/29/2015 - 17:59 | 6251506 NoWayJose
NoWayJose's picture

And vastly outnumbered!

Mon, 06/29/2015 - 17:58 | 6251502 NoWayJose
NoWayJose's picture

He's a Dick!

Mon, 06/29/2015 - 18:07 | 6251531 jimfcarroll
jimfcarroll's picture

No. He's Dick.

Mon, 06/29/2015 - 18:27 | 6251608 saveUSsavers
saveUSsavers's picture

Find the tallest lamppost NEXT TO bERNANKE, foer this ARSEWHOLE

Mon, 06/29/2015 - 18:48 | 6251697 Fun Facts
Fun Facts's picture

From one criminal organization to another.

Mon, 06/29/2015 - 20:21 | 6251986 MFL8240
MFL8240's picture

The Fed balance sheet is sitting at 4 trillion of junk debt and this is his reward?  

Mon, 06/29/2015 - 21:28 | 6252187 RaceToTheBottom
RaceToTheBottom's picture

What next is he going to pull a Greenspam and tell us he was an Austrian all the time....?

Tue, 06/30/2015 - 00:34 | 6252873 silverer
silverer's picture

Doesn't North Korea use anti-aircraft guns to deal with people iike this?

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