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Key Player in Fed's Crisis Response Is Leaving
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Brian Sack joined the New York Fed in 2009 and became the head of the markets group. In this position he managed the expansion of the Fed's securities portfolio first in the early days of the fianncial crisis, and then under QE 1 and Operation Twist to its current level of $2.6 trillion. He has a PhD. from MIT and has co-authored papers with Fed chairman Ben Bernanke. Sacks is now leaving this position at the Fed.
New Faces in the U.S. Fed's inner circle
01/28/2009
The new faces next to Fed chairman Bernanke. This includes Janet Yellen, former president of the San Francisco Fed, and William Dudley of the New York Fed. They replace Donald Kohn and Geithner.
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Key Player in Fed's Crisis Response Is Leaving
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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 Tries to Rebuild Its Reputation
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SEC 'Revolving Door' Under Review
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U.S. Federal Reserve management
04/06/2012
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Fed's Duke to Step Down Aug. 31
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Key Player in Fed's Crisis Response Is Leaving
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