[lbo-talk] Government by Goldman

[Politicus E.]

It is being reported that the N.Y. Fed chairman has resigned over his
relationship with Goldman.  Interestingly, according to the Washington
Post "Friedman was automatically succeeded as chairman by Denis M.
Hughes, who is less likely to be accused of representing the interests
of large financial companies: Hughes is president of the New York
State AFL-CIO."  Any comments on the politics of this apparent
resignation?
epoliticus