Union leader Hughes to head New York Fed bank board

Market Watch ^ | August 24, 2009 | Market Watch

[crosstimbers]

By Greg Robb, MarketWatch WASHINGTON (MarketWatch) -- A labor leader has moved into a high-profile position as chairman at a regional Federal Reserve bank.

The Federal Reserve Board of Governors in Washington has selected Denis Hughes, president of the New York State AFL-CIO, to serve as chairman of the Federal Reserve Bank of New York until the end of the year, the New York Fed announced Monday.

Hughes is the first labor leader to head the New York Fed. A spokesman at the AFL-CIO office said Hughes was not taking questions.

[crosstimbers]

And just what does Denis Hughes know about monetary policy??

[unkus]

It’s called Money Laundering.

[Wisconsinlady]

Nice to see Barry takes care of his Union thugs.

[Seruzawa]

LOL! How do you turn a communist into a capitalist? Offer him enough money.

[ronnie raygun]

The socialist tentacles are reaching far and wide.

[K-oneTexas]

Leadership par excellance! Brought to you by the Obama Administration.

[GeronL]

Wow, the Fraudocracy and the corruption knows no bounds. This is not going to be good for the country.

[immadashell]

You’ve gotta be sh*tting me.

[SE Mom]

This is a joke, right?

[Para-Ord.45]

LOL

IS THE USA F****D OR WHAT !?

[GEC]

WTF?!?

[dr_who]

Just imagine who Obama will replace that idiot Bernanke with. This is nutty.

[Oldexpat]

Brother Hughes is a union thug. Doesn’t know beans about finance. In this position of power he will be able to strong arm some of our biggest banks.

[Publius]

In Atlas Shrugged, what did labor leader Fred Kinnan know that entitled him and his people to own the Unification Board?

[MrDem]

Don’t worry, it’s just The Onion spoofing MarketWatches ip address.

[LibertyThug]

And this is how it goes, “the workers” held as equals to the employers...um, socialism anyone?

[Orange1998]

Then how is it on the home page of marketwatch.com

[magua]

I agree Bernanke toast. If your remaking the country you do not want him.

[LibraTango]

Paging Wesley Mouch.

[dr_who]

I don’t want him either. Bernanke may have his own interests at heart, but he doesn’t intend to wreck the economy, unlike Obama.