The other shoe just dropped

http://www.reuters.com/article/marketsNews/idUSN2414172020090824

The NY Federal Reserve Bank (the most important) has just announced that the head of the AFL-CIO in New York is being named to be the chairman of the NY Fed (the job that Tim Geithner held last year).

All is clear now who is calling the shots and in control of our federal  government.    There is no reasonable reason why a labor union thug  should be making banking policy.   The coup has happened.

Or if you are slightly less pessismistic, Goldman Sachs just got their butt kicked out of any role in making monetary policy.

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