don't know if any here watched the Dudley grilling, but mealy-mouthed is being kind. Very much reminiceeent of Timmmaaayyy.
Like you needed to match the Thumb(Ferrit)print to get the Job.
dc CB 15:02:31 GMT - 11/21/2014
Bill Dudley - the president of the NY Fed - will face a very skeptical Senate Banking Committee this morning investigating so-called "regulatory capture."
Of course, their eyes were finally opened after Carmen Segarra, a former employee, leaked 47.5 hours of taped conversation ...
Dudley's defense (not denial) so far: "We understand the risks of doing our job poorly and of becoming too close to the firms we supervise. Of course, we are not perfect. We sometimes make mistakes."
The announcement Thursday came less than 24 hours ahead of a Senate banking subcommittee hearing on the topic of regulatory capture
Citing concerns about weak oversight by the New York Fed, one of the panel's members, Sen. Jack Reed, D-R.I., introduced a bill this week to make the bank's president subject to Senate confirmation.
A private board currently selects the New York Fed president. In 2009, it picked Bill Dudley a former Goldman Sachs managing director. Dudley is expected to testify at the hearing.
In September, ProPublica and This American Life reported on secret recordings made by former New York Fed examiner Carmen Segarra that showed officials were reluctant to aggressively challenge Goldman Sachs over questions about its policies and transactions.
Segarra was not invited to testify and, through a representative, issued a statement expressing disappointment.
"She believes any official subcommittee hearing on regulatory capture will be incomplete without her firsthand accounts of what she saw during her tenure at the Federal Reserve Bank of New York," the statement said.
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Hearing: Friday, November 21, 2014
10:00 AM - 12:00 PM
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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