With Congress Set To Interrogate FBI Director Comey, Will His Hedge Fund Background Help Or Hurt
By Tyler Durden
Having stunned even the most liberal of liberal media outlets with his seemingly unexplainable decision not to bring charges against Hillary Clinton (thus nullifying six criminal laws), FBI Director Jim Comey faces an oversight bloodbath today in front of the House Oversight Committee. However, what few may not know about the “deeply philosophical, religion major” is that he spent three short years (just enough for Dalio to realize 'value') being “probed” at the world's largest hedge fund – Bridgewater, peddling “radical transparency.”
With legal scholars already debating Comey’s conclusions about Clinton’s use of a private e-mail server to send and receive messages on official business, a practice she has said wasn’t illegal but one that she now regrets…
“Director Comey draws a rather curious distinction,” said Jonathan Turley, a George Washington University law school professor.
“What’s strange about this outcome is that Comey detailed what would normally be viewed as a basis for gross negligence.”
Today's House Oversight Committee hearing should be full of fireworks; but as Politico warns “in attempting to set up the FBI director for an oversight bloodbath, House Republicans might get more than they bargained for” apparently because of Comey's hedge fund background…
After he left government, Comey spent three years being grilled, or “probed,” as an executive at Bridgewater Associates, the $150 billion hedge fund founded by Ray Dalio that the New Yorker has labeled “the world’s richest and strangest hedge fund.” Dalio, who regularly ranks among the 50 or 60 wealthiest people on the Forbes 400 list, has built the highly successful fund since the 1970s on a platform of “radical transparency,” a principle that encourages—actually forces—deep questioning from the ranks of all leadership decisions.
It was just weeks after he joined Bridgewater—whose corporate culture of high-achieving intellectuals resembles a moneyed management cult that shares more in common with the 1970s personal-improvement fad est than it does with a typical Wall Street firm—that Comey was cornered by a similarly new 25-year-old employee. The junior associate interrogated the former Justice Department official on a seemingly illogical stance that Comey had taken in an earlier meeting. “My initial reaction was ‘What? You, kid, are asking me that question?’ … I was deputy attorney general of the United States; I was general counsel of a huge, huge company. No 25-year-old is going to ask me about my logic,” he recalled. “Then I realized ‘I’m at Bridgewater.’”
Comey said that, even though he was excited to embrace the new way of thinking, it took him at least three months to settle in with Bridgewater’s culture. “I finally relaxed and untied the knot in my stomach that would instantly appear when someone questioned me,” he recalled. “Bridgewater’s a hard place. … It’s a place filled with really smart people who are always going to tell you the truth, and that’s hard.”
Inside Bridgewater, the culture of questioning is known as “probing,” a chance to understand the deeper “whys” inherent in an individual’s thinking or a corporate process. It’s a chance for …read more
Source: With Congress Set To Interrogate FBI Director Comey, Will His Hedge Fund Background Help Or Hurt
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