CNBC reports on Skull and Bones member Austan Goolsbee:
Hedge funds and other Wall Street firms have used an unlikely counselor for the past year: a former top economist for President Barack Obama.Here's more on Goolsbee at the White House with the Brotherhood of Power. Did Austan Goolsbee lie on his FBI background check about being a member of RTA Inc., the legal name for Skull and Bones?
Through a contract with New York City-based consultancy 32 Advisors, Austan Goolsbee has held conference calls most Fridays since February 2013 with employees of large hedge fund firms Fortress Investment Group, York Capital Management, Perella Weinberg Partners, SkyBridge Capital and others.
Those firms and others paying to be on the call get to hear from Goolsbeee on the most important economic and policy issues of the day, such as Federal Reserve moves, the U.S. housing market, bitcoin, high-frequency trading, Chinese growth and the debt ceiling. Goolsbee does not give trade ideas for the hedge funds, but rather they get his big-picture perspective on issues more indirectly related to their investments.