In case you missed the news when it hit at the end of the day Friday, Evan Bayh has become a hedge-fund lobbyist. I’ll write more about this matter in a future column, but I wanted to make two quick notes now:

1) Some liberals will be tempted to chalk up Bayh’s cashing out to his “conservatism.” This is not wholly wrong, but I think it’s imprecise. I think you need to consider it together with Bob Bennett, Bayh’s partner in this sweet PBS talk about the need for more moderation in politics.