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New York Fed Chairman's Ties to Goldman Raise Questions

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Stephen Friedman's positions at Goldman Sachs and the New York Federal Reserve.

Revolving door for officials in U.S. government and regulatory authorites, the S.E.C., the Federal Reserve, and the large banks.

01/28/2009

Orszag, budget director in the Obama administration, joins Citigroup. A senior official at the New York Fed's regulatory department joins Goldman Sachs. Another Fed official joins Morgan Stanley as chief economist. S.E.C. enforcement chief leaves Deutsche Bank for the S.E.C. and leaves the S.E.C. for a position in the financial industry. The nominee for S.E.C. chief in 2013, Jo White, represented JP Morgan Chase in her work at a law firm. The nominee for Treasury Secretary Jacob Lew, worked at Citigroup for a short period. A similiar situation exists in the UK and in other EU countries.

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SEC Deals With Turnover at the Top

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SEC Tries to Rebuild Its Reputation

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SEC 'Revolving Door' Under Review

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The Project on Government Oversight Report in 2013 and weak enforcement at the S.E.C.

05/04/2009

The revolving door of lawyers for major financial companies working at the S.E.C. has weakend enforcement at the agency, according to this government oversight report.

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SEC's Top Cop Oversaw Deutsche CDOs

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Inside the End of the U.S. Bid to Punish Lehmann Executives

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SEC Tries to Rebuild Its Reputation

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SEC 'Revolving Door' Under Review

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SEC-Citi Pact Rejected by Judge Rakoff

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S.E.C. Tension As It Examined Mortgage Cases

New York Times 12/19/2013

Goldman Sachs, Paulson, and the S.E.C. suit in the Abacus case.

05/04/2009

Paulson had Goldman Sachs structure as ecurity out of handpicked bad apples in the mortgage securities market, Goldman then sells these securities to institutional investors without disclosing what Paulson had done and without disclosing that Paulson had bet heavily against them.

Grouped Articles

Goldman Sachs: Don't Blame Us

BusinessWeek 04/01/2010

Goldman's stacked Bet.

New York Times 04/17/2010

Abacus Deal: As Bad as They Come

Wall Street Journal 04/20/2010

Goldman's Trust Deficit

Wall Street Journal 04/20/2010

Sachs and the shitty

Economist 04/29/2010

SEC Tries to Rebuild Its Reputation

Wall Street Journal 09/12/2013


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