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The Latest Revolving Door Farce: Bernanke, Trichet And Gordon Brown To Form Pimco Advisory Board
The public-to-private sector "revolving door" has crossed into the macabre twilight zone.
Moments ago an announcement by giant bond manager (technically, these days "merely above average height" bond manager, considering the collapse in the TRF's AUM since Bill Gross' departure over a year ago) revealed that public service cronyism is not only alive, but has never been better, when in a press release it reported that former Fed Chairman Ben Bernanke, ex-U.K. Prime Minister Gordon Brown, and former ECB president Jean-Claude Trichet will form the backbone of a "global advisory board" at Pimco.
Bernanke, Trichet and Brown, along with Ng Kok Song, former chief investment officer of Singapore’s GIC Pte, and Anne-Marie Slaughter, an ex-director of policy planning for the U.S. State Department, will provide Pimco their “collective view on global economic, political and strategic developments and their relevance for financial markets,” the Newport Beach, California-based firm said in a statement Monday.
Translation: PIMCO is absolutely clueless how to trade in these centrally-planned markets and is hoping that those who created said "markets" can share some insight on how to actually generate some profits instead of suffering 14, or is it 15 consecutive months of PIMCO Total Return Fund capital outflows, where the Bill Gross departure may have been the worst thing to ever happen to the Newport Beach-based bond fund.
Which should make one wonder: in hopes of landing such lucrative 7 - 9 figure private sector jobs with funds like Pimco and Citadel, just who are public sector employees working for?
After all, they know they have to make a favorable impression on their future employers (read: make them lots of money) which is only possible at the expense of taxpayers, so just when will the taxpaying public rise up and ask how much longer will this farce of a "public servant" serving the public instead of their future very private sector employees, continue?
For now, these three are praying that nothing happens to the corrupt status quo that will soon generate them millions in wages.

Here is the press release:
PIMCO Creates Global Advisory Board Of Five Leading Global Economic and Policy Experts
PIMCO, a leading global investment management firm, has retained five world-renowned experts on economic and political issues to form a PIMCO Global Advisory Board. The Board members will contribute their insights to the firm on global economic, political, and strategic developments and their relevance for financial markets. The members of the Board are Ben Bernanke (who will serve as chairman), Gordon Brown, Ng Kok Song, Anne-Marie Slaughter and Jean-Claude Trichet.
The Board will meet several times a year at PIMCO’s Newport Beach office as well as at other PIMCO offices around the world. The members will also attend the firm’s annual Secular Forum in May of each year, where PIMCO’s investment professionals discuss the economic outlook and its implications for markets over the next three to five years. Together, the Board members will contribute their economic, geopolitical, and market expertise and insights to the firm’s investment process.
The Global Advisory Board members:
- Ben Bernanke , former Federal Reserve Chairman and scholar at the Brookings Institution.
- Gordon Brown , former U.K Prime Minister and former Chancellor of the Exchequer.
- Ng Kok Song, former Chief Investment Officer of the Government of Singapore Investment Corporation (GIC).
- Anne-Marie Slaughter , President and CEO of New America, Bert G. Kerstetter '66 University Professor Emerita of Politics and International Affairs at Princeton University, and former Director of Policy Planning for the U.S. State Department.
- Jean-Claude Trichet, former President of the European Central Bank and present chairman of the European group of the Trilateral Commission.
“The Global Advisory Board is an unrivalled team of macroeconomic thinkers and former policymakers, whose insights into the intersection of policy and financial markets will be a valuable input to our investment process,” said Dan Ivascyn, PIMCO’s Group Chief Investment Officer.
“Sharing insights on how global macroeconomic and geopolitical policy affects markets and investments is an important part of the value we bring to investors as stewards of their assets, so our clients will benefit greatly from the experience and insight the Global Advisory Board will provide to us,” said Douglas Hodge, PIMCO’s Chief Executive Officer.
Dr. Bernanke, Chair of the PIMCO Global Advisory Board and senior advisor to the firm, said: “I am honored to chair a Board of individuals I hold in the highest esteem. We are all excited by the opportunity to provide PIMCO’s strong team of investment professionals with our collective view on how global economic, political, and strategic developments will affect markets and PIMCO’s clients.”
* * *
And since we can only assume Bernanke will retain his existing job at Citadel we wonder: will he high frequency frontrun the retail public's purchases in the S&P on even numbered days, while spoofing the German 2 Year Bund further into record negative territory on odd days?
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DEATH TO THE MONEYCHANGERS.
Buck Fernanke
PIMCO wants advice from Brown and Bernanke and Trichet? The guys that created the financial meltdown of 2008?
The world's gone mad.
They must be trying to run a scam of some sort.
I'm absolutely sure that addition of academia oriented practical world fuckups will decidedly enhance PIMPCO's stellar returns.
Gordie Boi will be especially handy on gold market strategies.
"So experts, have we paid you enough in order for us to join the Front-Runners Club now?"
I doubt that PIMPCO has any phys Au to sell at rock bottom prices. So does this mean? Oh Wait!
Anne-Marie Slaughter ... you can't make that up !
Meltdown proft team. They have the experience on where the money can be made and connections to when.
Need a Rubicon law.
Maybe pimpco hired them for advise so they can take the other side from their advice?
It will almost be a 99% win if they do it like that!
entirely appropriate - pimco made out like bandits
fuck gordon brown
Were they rejected by the Carlyle Group??!!
The American dream in the 21st century.
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OMG, WHERE HAVE YOU BEEN ALL OF MY LIFE?!?!?!??!
They all look like Joe Pesci at the end of " My Cousin Vinny ", waiting for the handcuffs to be put on.
I was thinking of Larry, Curly, and Moe.
I was thinking of whatever gay porno movie was made where 3 dudes line up to take donkey dicks up their asses. I'm not sure, but there must be one rolling around somewhere.
They got Gordon Brown in for his eye for detail.
Ah Gordon!
His legacy won't be forgotten...
http://s3.mirror.co.uk/mirror/ampp3d/2015/May/Gordon%20Brown's%20gold%20sell-off/GoldSaleBrown.jpg
No shit, looks like easy money to me.
Sick.
They're not even trying to hide the corruption any more.
+1 ...funny thing is Pimpco thinks these old gangsters will enhance their reputation.
Correct, the other glaring message I see is when it comes to the rule of law and security is that we are all on our own. Welcome back your fuedal lords and the rule of man...
IOW, same as it ever was.
I don't know weather to laugh or cry anymore.
Who better to trust a trillion in pension savings to...
From Macro Man on Twitter: "PIMCO hires new advisors Bernanke for housing calls, Trichet for ideal policy modelling, and Gordon Brown for advice on trading gold"
Holy shit! Un fucking believable! Must really be some good porn over at the SEC because they won't even bat an eye!
roll the mother fucking guillotines already!
PIMPCO not PIMCO.
William Banzai 7 will have a field day with this...
They worship Mammon
Looks like they are televangelists giving Al the spirit.
http://www.leif.org/research/Al-Gore-Receives-News-Global-Warming-has-St...
Fox meet Henhouse :-)
Are you sure that isn't the NAMBLA Board of Directors?
<Return of the dirty dozen... oops, they think they are the remains of the magnficent seven...My Bad!
What a Calamity Jane Brigade these scions of assholia incarnate.
wish it were possible to round -up, try and hang all in one day.
Anne-Marie Slaughter looks to be an interesting person. She wrote the legal justifications for all of Hitlery's games in Libya.
https://en.wikipedia.org/wiki/Anne-Marie_Slaughter
This is just a way of paying them to keep their mouths' shut about who they really answered to when they did all their past financial damage.
"Look! - a Muslim!" [Quick getaway by financial terrorists]
Seriously, they should have hired Huey, Dewey and Louie ... they'll get better results....
Trichet was actually ok, tried to push governments instead of easy stimulus. They hated him for that, including his own France. Also was unique for French to stick to "hard" money idea. Bernanke on the other hand... we all know.
"Gordon Brown To Form Pimco Advisory Board"
ROTFL.
Brown the Clown couldn't advise someone on how to get out of a paper bag. He's a gold-plated buffoon and unfit to be in any office.
Should change its name to PIMPco.
I think the elites are now openly taking the piss.
Tom Lehrer said satire had become obsolete when Kissinger won the Nobel Peace Prize.
I think Obama receiving one confirmed that.
Here is more proof.
YCMTSU.
Flash Gordon...saves the world. Oops! I smell something Brown...c o r r u p t i o n
You can listen to Brown "saving the world" right here:
"Gordon-Brown-Saves-The-World.mp3"
NO mention of Corzine...hmmmmm
Muhammed El Arian.....hmmmmmmm
Quid Pro Quo is the name of the game today, folks
They should all be put on the no-fly list.
Revolving Jews and obidient Goyim.
This is really quite alarming. Three ex-rulers for the price of one.
Deflation is definitely headed our way.
Want to know why the world is the way it is.
There's your answer, a fucking megalomaniacal bath house trolling promiscuous disease raddled faggot Kenyan monkey in charge and three of the worlds most corrupt thieving lying psychopathic criminal cunts ever born of genetically corrupt bitches running your investments.
And if the fund doesn't implode in the next 24 hours from withdrawals you know, you KNOW people are stupid beyond comprehension.