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Friday, May 8, 2009

NY Fed chair resigns amid stock purchase questions

Stephen Friedman, former chairman of Government Sachs...oh, that is, Goldman Sachs, now chairman of New York Reserve Bank has had to resign. Hmmm....just make you realize that government and the big banks are all working together for each other.

NEW YORK (Reuters) – Stephen Friedman, chairman of the New York Federal Reserve Bank's board of directors, resigned on Thursday amid questions about his purchases of stock in his former firm, Goldman Sachs.

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