Friday, May 08, 2009

New York Fed chairman Friedman abruptly resigns

America is in a decline of profound lawlessness.
The Media only reports the Tip of the "berg"...HWS

“Because the New York Fed approved a request by Goldman to become a bank holding company, the chairman’s involvement in Goldman was a violation of Fed policy, The Wall Street Journal said in an article earlier this week,” the Times noted.

“While [the Fed] was weighing [Goldman's] request, Mr. Friedman bought 37,300 more Goldman shares in December. They’ve since risen $1.7 million in value,” reported The Wall Street Journal on May 4.

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