Gideon's Blog

In direct contravention of my wife's explicit instructions, herewith I inaugurate my first blog. Long may it prosper.

For some reason, I think I have something to say to you. You think you have something to say to me? Email me at: gideonsblogger -at- yahoo -dot- com

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Thursday, October 19, 2006
Well, it's official: hedge funds have finally bought the country, if not the earth. John Snow, former Treasury Secretary for President Bush, has just been named chairman of Cerberus Capital Management, while Larry Summers, former Treasury Secretary for President Clinton, has just been named "part-time managing director" of the firm I used to work for, D. E. Shaw & Co (which is, I believe, now considered the largest hedge fund in the world).

Personally, all I can say is: hiring standards at Shaw aren't what they used to be. Why, I'll bet nobody even asked Summers to provide his SAT scores with his resume.