So who selected Geithner back in 2003? Well, the Fed board created a select committee to pick the CEO. This committee included none other than Hank Greenberg, then the chairman of AIG; John Whitehead, a former chairman of Goldman Sachs; Walter Shipley, a former chairman of Chase Manhattan Bank, now JPMorgan Chase; and Pete Peterson, a former chairman of Lehman Bros. It was not a group of typical depositors worried about the security of their savings accounts but rather one whose interest was in preserving a capital structure and way of doing business that cried out for—but did not receive—harsh examination from the N.Y. Fed.
The New York Fed is the most powerful financial institution you've never heard of. Look who's running it.
Protesters poured into the streets of cities and towns across the United States again on Saturday,...
U.S. District Judge Amy Berman Jackson on Friday halted the Consumer Financial Protection Bureau's attempt to...
A divided federal appeals court panel on Friday temporarily halted U.S. District Judge James Boasberg’s contempt proceedings...
