NY Fed, just like the gvt., is now headed by a union shill.
Putting this key Fed bank in the hands of a person whose experience suggests a bred-in-the-bone hostility to capitalism strikes us as bizarre at best and dangerous at worst. And it bears the unmistakable imprint of the White House.
...
ibdeditorials.com
EXCERPT: He has no significant finance experience. Nor does his educational background — "Brother Hughes," as the AFL-CIO's Web site calls him, has a B.S. degree from the Harry Van Arsdale School of Labor Studies at Empire State College — reassure us.
Of greater concern is his career as a bought-and-paid-for union official and political operative. The New York Fed chairmanship is hardly a place for a person whose entire career has been spent fighting and strong-arming the very people he'll now be regulating.
As American Thinker editor Ed Lasky put it, Hughes is someone "who may be more schooled in extracting concessions from corporate America than the intricacies of high finance."
Exactly...
EXCERPT: He has no significant finance experience. Nor does his educational background — "Brother Hughes," as the AFL-CIO's Web site calls him, has a B.S. degree from the Harry Van Arsdale School of Labor Studies at Empire State College — reassure us.
Of greater concern is his career as a bought-and-paid-for union official and political operative. The New York Fed chairmanship is hardly a place for a person whose entire career has been spent fighting and strong-arming the very people he'll now be regulating.
As American Thinker editor Ed Lasky put it, Hughes is someone "who may be more schooled in extracting concessions from corporate America than the intricacies of high finance."
Exactly...
posted by jillosophy at 8/26/2009 11:50:00 AM
0 Comments:
Post a Comment
<< Home