The Latest Revolving Door Farce: Bernanke, Trichet And Gordon Brown To Form Pimco Advisory Board

A little too late, wouldn’t you say?

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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…

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Wells Fargo forced back to court for targeting practices in rare individual homeowner’s predatory lending case

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PR Newswire:

WASHINGTON, Dec. 7, 2015 /PRNewswire/ — The following is being released by Bond Law, PLLC:

On December 10, 2015 Wells Fargo will return to DC Superior Court in order to face Dennis Comer’s predatory lending lawsuit. Mr. Comer, an African-American army veteran, initially filed his predatory lending claims against the bank in 2010 after Wells Fargo steered him into a high-priced, subprime loan. WellsFargo later foreclosed on the property. Wells Fargo won a motion to dismiss Comer’s claims in 2013. After a victory in the DC Court of Appeals on January 29, 2015, Mr. Comer’s predatory lending case against the lending giant will finally proceed to discovery. Mr. Comer’s case is one of only a few claims filed by an individual homeowner that has survived against the giant bank

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