Is Bernanke an alien in New York?
New Federal Reserve chairman Ben Bernanke received a B+ from economists surveyed by the Wall Street Journal, but the Dean of Columbia Business School in New York would probably fail him if students are to be believed.
As part of a Columbia tradition, students perform skits and put together videos to be presented at the end of each semester. One such music video has student Michael O’Rourke imitating Dean Glen Hubbard singing to the tune of The Police’s “Every Breath You Take” – with the lyrics suitably changed. Hubbard, according to the song, has designs on Bernanke’s position.
“First you move your lips
And hike a few more bips.
When demand then dips
And the yield curve flips,
I’ll be watching you....”
“The students showed the video to an audience of about 1,400 including Hubbard himself, and he had a good laugh,” says a spokesman for Columbia University. Watch the video at http://www0.gsb.columbia.edu/everybreath/