Wall street is an incestual place. Gretchen Morgenson had a great piece in The Times yesterday about the links between The Street and The Fed. Interesting tidbit that I did not know: the NY fed is a private institution paid for and managed by wall street. They select their own regulators!
Wednesday, April 29, 2009
Caught in the spider's web
Wall street is an incestual place. Gretchen Morgenson had a great piece in The Times yesterday about the links between The Street and The Fed. Interesting tidbit that I did not know: the NY fed is a private institution paid for and managed by wall street. They select their own regulators!
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