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Tag: Stephen Friedman

New York Fed Chairman Steps Down

Although he went down insisting that his relationship to Goldman Sachs had been “mischaracterized,” New York Federal Reserve Chairman Stephen Friedman resigned on Thursday after The Wall Street Journal, with a boost from Truthdig, brought up the issue of a potential conflict of interest earlier this week.

Posted on May 7, 2009 READ MORE


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Obama and Geithner
AP photo / Ron Edmonds

Cashing In on ‘Government Sachs’

We are so inured to tales of business corruption that even a devastating exposé in The Wall Street Journal no longer shocks us. The fact that the chairman of the New York Federal Reserve Bank made millions off his secret purchase of Goldman Sachs stock has barely registered a blip of outrage. 

Posted on May 5, 2009 READ MORE


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