AFL-CIO President Named Head Of NY Fed — What Could Go Wrong?

August 24, 2009 · Filed Under Uncategorized

From the WSJ:

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.

Put big labor in charge, that’s the ticket!

This calls for a repost of the best union ad ever:

Tags: afl-cio, afl-cio new york fed, big labor, Business News, denis hughes, labor unions, ny federal reserve

Comments

One Response to “AFL-CIO President Named Head Of NY Fed — What Could Go Wrong?”

PoliticalVentilation.com on August 25th, 2009 5:42 pm

If only Jimmy Hoffa could have lived to see this day….he’d be so proud. One of his Union Brothers, in charge of largest of the 12 Federal Reserve District Banks. Come to think of it, I bet Tony Soprano would tip his hat over this union coup as well. l’accordo è sigillato!

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