And for what? Pillow talk with Lloyd Blankfein? Anyway, deputy chair Denis M. Hughes will take over for Friedman* in the interim, but we might as well nominated a permanent replacement now. Have at it.
Update: Jim Cramer (did you know he once worked at Goldman Sachs?) welcomes this news. Triumph of ethics and all that jazz. He adds that the whole Goldman Government thing wouldn't always look so fishy if guys from other firms would go into public service, "which is what they tell you to do on the first day at Goldman Sachs."
*Trivia: father of 25th Hour writer David Benioff, father in law of Amanda Peet
Posted by guest , May 07, 2009 5:32PM
WTF
Dead Guy From Delaware
Posted by guest , May 07, 2009 5:35PM
133.73 98,600 $13,185,778.00
Posted by guest , May 07, 2009 5:36PM
There's a Men in Black joke to be had here, but I can't quite make it work....
Posted by guest , May 07, 2009 5:37PM
Friedman resigns..
Goldman is safe, made $3m+ in gains on timely stock purchases, will end up in a consulting capacity somewhere and thus, mission accomplished.
Strangely, I don't feel anything. No repulsion, no disgust for this slimeball. Just a sign of how jaded we've all become to blatant and brazen transgressions.
Posted by guest , May 07, 2009 5:37PM
jamie dimon
Posted by guest , May 07, 2009 5:38PM
Nick Nolte
Posted by guest , May 07, 2009 5:39PM
gary busey
Posted by guest , May 07, 2009 5:39PM
steve cohen
Posted by wcburrs87 , May 07, 2009 5:39PM
Mr. Tuttle.
Posted by guest , May 07, 2009 5:40PM
Danny Pang
Posted by guest , May 07, 2009 5:40PM
Lobsterclops.
But seriously, who is his CEO?
Posted by AJ , May 07, 2009 5:41PM
I'd pick staying on GS's board over the fed too
Posted by guest , May 07, 2009 5:44PM
much more respect for the guy knowing his son is banging amanda peet.
Posted by guest , May 07, 2009 5:46PM
Is this the unraveling of the unholy nexus between Goldman Sachs and the US Government. I am glad that this sleazeball is gone. But will the SEC go after Friedman for insider trading?
Posted by guest , May 07, 2009 5:48PM
Maxine Waters
Posted by guest , May 07, 2009 5:49PM
Isn't GS's board the Fed?
Posted by guest , May 07, 2009 5:49PM
You know what's interesting about Amanda Peete?
Nothing
Posted by guest , May 07, 2009 5:49PM
I am from the SEC, what is insider trading and who is GS?
Posted by guest , May 07, 2009 5:49PM
@17- she's hot. that's enough.
Posted by guest , May 07, 2009 5:50PM
@17- who is amanda peetE?
Posted by guest , May 07, 2009 5:51PM
hank paulson
Posted by guest , May 07, 2009 5:54PM
let Tim Geithner have his old job back
Posted by guest , May 07, 2009 5:59PM
lloyd blankfein (2 birds/1 stone)
Posted by guest , May 07, 2009 6:02PM
eliot "prosties" spitzer
Posted by guest , May 07, 2009 6:05PM
"we would like to get the government out of our back as soon as possible..."
-Ken Lewis
Posted by guest , May 07, 2009 6:08PM
Mr. Lewis? Japanese Finance Minister on Line 1...."
Posted by guest , May 07, 2009 6:13PM
ah, did JC have his tongue firmly implanted in his cheek when he said this?
Posted by guest , May 07, 2009 6:15PM
Jim is "going to tell you what bank stocks to unload next on the sell block" great
Posted by guest , May 07, 2009 6:26PM
How about former Sen Phil Gramm, or Dick Fuld, or John Thain? Those Three Stooges can alternate the duties at NY Fed.
TGFD does like #23's "2 birds/1 stone" idea with Lloyd Blankfein the best, though.
The Guy from Delaware (Once and Future Dead)
p.s @#1...At least you got my name out there first. Thanks.
Posted by guest , May 07, 2009 6:31PM
I hope LOBSTERCLOPS clips The Guy From Delaware's head clean off.
Posted by guest , May 07, 2009 7:18PM
Gasparino just mixed it up with Liesman on Kudlow and Santelli tried to walk down that middle. Gasparino told liesman "why don't you do a little reporting, Steve"
Posted by guest , May 07, 2009 8:41PM
1. Steven Seagal
2. Kris Angel
3. George Cantstanzya
4. Mike Jones
5. Dio
Posted by guest , May 07, 2009 9:48PM
"The New York Fed is the most powerful financial institution you've never heard of. Look who's running it."
By Eliot Spitzer
Posted Wednesday, May 6, 2009, at 12:29 PM ET
http://www.slate.com/id/2217811/
Ha!
Posted by guest , May 07, 2009 9:52PM
Wtf is the Fed's idiotic GC Baxter? On-line law school grad? Oh right...in line for a GC role at GS.
http://money.cnn.com/2009/05/07/news/economy/NY_Fed_Chair_Resigns/index.htm?section=money_latest
Posted by guest , May 07, 2009 10:04PM
Has it resorted to this, whereby Jim Cramer, the ultimate shill and butthole of modern media, has to stand up for his former employer (not to mention Erin B and Guy addoucheDami-summersdoucheeve of cnbc). Step up your pac payments please and get some real shills back !
Posted by guest , May 07, 2009 10:33PM
@35- cramer has been on gs's cock for years. he starts most conversations "when I worked at goldman sachs."
Posted by guest , May 07, 2009 10:38PM
this situation is f*cking disgraceful. he should be forced to give up the gains. but i guess they think its enough of a punishment to lose his job at the Fed...poor bastard.
Posted by guest , May 07, 2009 10:39PM
this situation is f*cking disgraceful. he should be forced to give up the gains. but i guess they think its enough of a punishment to lose his job at the Fed...poor bastard.
Posted by guest , May 07, 2009 11:18PM
William C Dudley is the current President and CEO of the Federal Reserve Bank of New York. Dudley joined Goldman in 1986 and was was a partner and managing director and also was the firm’s chief U.S. economist for a decade. Stephen Friedman selected him as the President of the NY Fed. Dudley should also resign his post. The corruption continues.
Posted by guest , May 07, 2009 11:41PM
If you want to tell the prez, he seems to be reading the blogs, particularly the wall street and conservative ones.
Posted by guest , May 07, 2009 11:55PM
@40 this isn't a conservative blog.
Posted by guest , May 08, 2009 5:51AM
@4 agree. That's why I've lost faith in this administration and its desire or power to do anything drastic for the health of the banking system. Goldman in the driver seat again - nothing has changed...