NY Fed Chairman Stephen Friedman Pockets $1.7 from GS Shares
Contrarian Profits (May 8th, 2009) Writes:
Guess which investment bank has done the best under the patronage of Team Obama? Hint: It’s the same bank whose former CEO wrote the rules of the $700 billion TARP. The same bank that has had the good fortune of seeing two of its former employees fill the role of the past and current head of the New York Fed.
The same bank whose employees were Wall Street’s biggest contributors to President Obama’s electoral campaign.
Still stuck? Here’s another hint: It rhymes with “Golden Sacks.” That’s right! Since Team Obama took over the reins of power, shares in Notes’ favorite whipping boy, Goldman Sachs, are up 132%. Now, there’s a coincidence.
And if you aren’t convinced that there are certain “perks” tied to the close relationship between Goldman Sachs and the government, consider the case of New York Fed chairman Stephen Friedman.
According to The Wall Street Journal, Friedman, who once ran Goldman, made
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