Friday, May 08, 2009

The Very-Extra-Special Goldman, Sachs

Maybe Goldman Sachs is just really lucky to have all those friends, eh?

Stephen Friedman, the chairman of the Federal Reserve Bank of New York, abruptly resigned on Thursday, days after questions arose about his ties to Goldman Sachs. Mr. Friedman was chairman of the New York Fed at the same time he was a member of Goldman’s board. He also had a substantial stake in the firm as the Fed was crafting a solution to keep Wall Street banks afloat.


Who was that OTHER Goldman guy....ummmnnnhhh....Paulson? Sec/Treasury for GW("I AM the Law") Bush?

And Goldman was, curiously, the only I-bank survivor of the Great Swindle Period.

Just co-incidence.

HT: Vox

1 comment:

Anonymous said...

Don't forget that Robert Rubin came out of Goldman as well.