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NY Fed chair Friedman resigns

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Fireweed247 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 06:33 PM
Original message
NY Fed chair Friedman resigns
NEW YORK (Reuters) - Stephen Friedman, chairman of the New York Federal Reserve's board of directors, resigned on Thursday amid questions about stock purchases in his former firm Goldman Sachs.

The purchases of Goldman Sachs occurred after the firm became a bank holding company.

Denis Hughes, the deputy chair of the board, will take over Friedman's role, the New York Fed said.
http://www.reuters.com/article/newsOne/idUSTRE5468AF20090507

previous story
NY Fed in Bed with Goldman - Fed chair holds Goldman stock
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5596795

:applause:

now about the rest of them....
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leftstreet Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 06:34 PM
Response to Original message
1. One Down n/t
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notesdev Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 06:36 PM
Response to Reply #1
2. Not down
until convicted and jailed.
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Fireweed247 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 08:01 PM
Response to Reply #2
7. sounds great
but with the way things have been going with the brazen looting of the nation... I am just happy to see them running scared.

Hopefully this is just the beginning.
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CaliforniaPeggy Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 06:40 PM
Response to Original message
3. K&R
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Fireweed247 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 06:47 PM
Response to Original message
4. just found this by Spitzer from yesterday
Look Who's Running the New York Fed
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x5609368
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Kansas Wyatt Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 08:13 PM
Response to Reply #4
8. Hopefully Spitzer holds a grudge, n/t
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Algorem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 07:00 PM
Response to Original message
5. Spitzerized?
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ananda Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 07:23 PM
Response to Original message
6. Geithner and Summers need to go too. Stat.
nt
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Fireweed247 Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-07-09 11:38 PM
Response to Reply #6
9. yes!
:applause:
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