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
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- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
WTF
Dead Guy From Delaware
133.73 98,600 $13,185,778.00
There’s a Men in Black joke to be had here, but I can’t quite make it work….
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.
jamie dimon
Nick Nolte
gary busey
steve cohen
Mr. Tuttle.
Danny Pang
Lobsterclops.
But seriously, who is his CEO?
I’d pick staying on GS’s board over the fed too
much more respect for the guy knowing his son is banging amanda peet.
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?
Maxine Waters
Isn’t GS’s board the Fed?
You know what’s interesting about Amanda Peete?
Nothing
I am from the SEC, what is insider trading and who is GS?
@17- she’s hot. that’s enough.
@17- who is amanda peetE?
hank paulson
let Tim Geithner have his old job back
lloyd blankfein (2 birds/1 stone)
eliot “prosties” spitzer
“we would like to get the government out of our back as soon as possible…”
-Ken Lewis
Mr. Lewis? Japanese Finance Minister on Line 1….”
ah, did JC have his tongue firmly implanted in his cheek when he said this?
Jim is “going to tell you what bank stocks to unload next on the sell block” great
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.
I hope LOBSTERCLOPS clips The Guy From Delaware’s head clean off.
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”
1. Steven Seagal
2. Kris Angel
3. George Cantstanzya
4. Mike Jones
5. Dio
“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!
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
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 !
@35- cramer has been on gs’s cock for years. he starts most conversations “when I worked at goldman sachs.”
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.
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.
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.
If you want to tell the prez, he seems to be reading the blogs, particularly the wall street and conservative ones.
@40 this isn’t a conservative blog.
@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…