Friday, November 20, 2009

 
 
 

 
 
 
 
 
Scandal: New York Fed chief resigns amid Goldman Sachs stock probe
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Friday, May 08, 2009
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By Daily Crux Editor Brian Hunt:

If you need more evidence that the guys running Government Sachs are a slick gang of thieves, you need the story of Stephen Friedman.

The ex-Goldman Sachs chairman has led the New York Fed's board since January 2008. He's in the "inner circle" of monetary policy and bank bailouts. And just a few months ago, Friedman just happened to buy shares of Goldman Sachs near the absolute bottom in the stock. He's made over $3 million on the "trade" so far.

Friedman is resigning over the investigation of the "trade." This is almost as absurd as Hank Paulson's behavior (links to that below).

Read full article...

More on Hank Paulson and Government Sachs:

Hank Paulson is either stupid or criminally negligent, Part II

Former Treasury Secretary is either stupid or criminally negligent

Topics: Fraud | Goldman Sachs | Boondoggle
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