Bernanke's "Bank Shot" Bracket
Who's the Fed Chairman penciling in for the Final Four?
Each year in March, participation in office pools to select the winner of the NCAA Men's Basketball Championship from the field of 64 teams costs employers an estimated $3 to $4 billion in lost productivity.
Take this article, for instance. Just by reading this you've cost your employer an estimated $267 in lost productivity. Good work! And it's not even lunch. Now, it might be tempting to think that a venerable institution such as the U.S. Federal Reserve wouldn't dream of participating in an NCAA office pool. Tempting, but wrong.
To prove this, Minyanville has managed to obtain (don't ask how) Federal Reserve Chairman Ben Bernanke's office pool bracket! But it looks like between creating weird acronyms (TAF, TSLF) to fuel liquidity injections, bailing out banks like Bear Stearns (BSC) and arm-twisting the likes of JP Morgan (JPM), Merrill Lynch (MER) and Lehman (LEH), Bernanke has more on his mind than basketball.
You can see Chairman Bernanke's initial seedings and pairings below. Over the next week we'll follow these pairings down to the final game.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter