When Goldman Sachs became a bank holding company late last year, New York Fed official Stephen Friedman inadvertently found himself in violation of charter rules. Kate Kelly reports on his efforts to receive a waiver and potential conflicts of interests.
2:43
5/4/2009
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
"When the Fed is the bartender everybody drinks until they fall down." —Paul McCulley
Retail Sales in Jan rose .4% headline m/o/m, .7% ex auto's, .6% ex auto's and gasoline and .7% at the core. The headline figure was less than expected while the rest were slightly better. But, with respect to non headline sales, because Dec figures were revised lower, taking the two months together were about in line with forecasts overall. Sales rose in electronics, building materials, food/beverages, clothing, sporting goods, dept stores and restaurant/bars and fell interestingly for online retailers, health/personal care, furniture and motor vehicle/parts. Bottom line, headline sales were below expectations due to the greater than expected fall m/o/m...
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May 5th, 2009 at 7:49 am
[...] Goldman Connection Puts NY Fed Official In Tight Spot By Barry Ritholtz – May 5th, 2009, 6:51AM [...]
May 5th, 2009 at 6:34 pm
Shocked!
I would never have expected something like that.