N.Y. Fed Chairman’s Ties to Goldman Questioned

There are questions surrounding the ties of the Federal Reserve Bank of New York’s chairman, Stephen Friedman, to Goldman Sachs, according to a report in The Wall Street Journal.

While the New York Fed was helping to come up with a solution to keep Wall Street banks afloat, including Goldman, Mr. Friedman was sitting on Goldman’s board and had a large holding in the bank. Read more about the New York Fed…