Last week, the NY Times ran a lead story in its “Business Day” section reporting that Ben S. Bernanke, the former Federal Reserve chairman, had signed on to advise the Citadel Investment Group, a hedge fund founded by Ken C. Griffin. Mr. Bernanke believes there is no conflict of interest because he “won’t be doing any lobbying” and because he will not be working for “any firm regulated by the Federal Reserve.” He has joined an impressive list of government economic leaders who took jobs with major investment or banking interests upon leaving their roles as major government players in the U.S. economy. Alan Greenspan became a consultant for a number of private financial entities such as Deutsche Bank, Pacific Investment Management, and the hedge fund Paulson & Co.  Last year, Tim Geithner, former Secretary of the Treasury joined the equity (stocks and bonds) firm of Warburg Pincus. These outstanding individuals are not only...(Read Full Article)