Stephen Friedman's resignation as chair of the NY Fed is just another case of the incestuous relationships in the world of government and finance. Not only was he a fairly large holder of Goldman stock while he was passing judgment on Goldman, but he bought still more stock while doing so. Does Bernanke or Geithner have any say in who is chosen as chair of a federal reserve bank? Shouldn't Bernanke?
We're getting screwed again.
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