Posted on 08/25/2009 9:12:36 AM PDT by vg0va3
The Federal Reserve chose a labor leader to succeed a former Goldman Sachs executive as the chairman of the Federal Reserve Board of New York's private-sector board of directors. Denis Hughes, president of the New York state branch of the AFL-CIO, had been serving as acting chairman of the New York Fed board since May, when Stephen Friedman stepped down from the position.
(Excerpt) Read more at online.wsj.com ...
Dr. Bernanke received a B.A. in economics in 1975 from Harvard University (summa cum laude) and a Ph.D. in economics in 1979 from the Massachusetts Institute of Technology.
Dr. Kohn received a B.A. in economics in 1964 from the College of Wooster and a Ph.D. in economics in 1971 from the University of Michigan.
Ms. Duke received her bachelor’s degree from the University of North Carolina at Chapel Hill and her M.B.A. from Old Dominion University. She is also a graduate of the Stonier Graduate School of Banking and the Virginia Bankers School of Bank Management.
Mr. Tarullo received his A.B. from Georgetown University in 1973 and his M.A. from Duke University in 1974. In 1977, Mr. Tarullo received his J.D. (summa cum laude) from the University of Michigan Law School, where he served as Article and Book Review Editor of the Michigan Law Review.
In 1968, Mr. Hughes became a member of Local Union No. 3 of the International Brotherhood of Electrical Workers. In 1975 he completed his apprenticeship and became an “A” journeyman electrician.
Denis Hughes is a graduate of the Empire State College, Harry Van Arsdale School of Labor Studies with a Bachelor of Science Degree.
If 'the boss' likes you, it doesn't matter how bad you are. If 'the boss' doesn't like you, it doesn't matter how good you are.
Goldman Sachs runs this country, talk about payback.
Well... the unions are now running the auto companies... why not the federal reserve too!
Look at the bright side, at least he isn’t another Goldman Sachs guy ready to pilfer our national economy to help out the mothership. Of course, he probably got approved so he can march us down the road to nationalization of everything. Union guy running the FED ... right out of Atlas Shrugged.
Fred Kinnan was unavailable.
I guess Obama feels that if a know nothing idiot such as himself who hasn’t a clue what he’s doing can be president, then it’s a sign from above that he fill the government with know nothing idiots who haven’t a clue what they are doing.
Exactly what I took note of! Read this guy’s background. He’s a Union political hack with some online two-year degree followed by some bogus labor school. And the guy is named to the Fed Board???
Another Obama Union hack appointment.
I don't think O is 'the boss'.
I think the private owners of the Fed are 'the boss'.
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