Woah. How’d I miss that?
… (checks) …
Doh! I saw the headline, “Denis M. Hughes Named Chairman of the New York Fed Board of Directors, Lee C. Bollinger Named Deputy Chairman” in Google Reader and checked wikipedia to make sure that wasn’t the same Bollinger of Bollinger Bands fame (it’s not). I never looked at the other guy.
Wow, the president of the New York State AFL-CIO is the chairman of the board for the New York Fed. We live in interesting times.
FYI, if you click the naked capitalism link, you should also read the first comment. Apparently the board is supposed to contain six (of nine) members to represent the public. I wonder if “public” meant something different in the past. Maybe it was a synonym for “banks and the super-rich.”
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