Questions raised about N.Y. Fed chairman's ties to Goldman Sachs

05/4/2009 | Wall Street Journal, The

Questions are being raised about Federal Reserve Bank of New York Chairman Stephen Friedman's ties to Goldman Sachs. The New York Fed was instrumental in crafting a government plan that allowed Goldman to become a bank holding company late last year, when Friedman sat on the company's board. The conflict could be a preview of similar cases to come as the U.S. government becomes more deeply involved in private businesses.

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